Hra
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2016
Dear All
One of my client works at kota as a salaried employee.he has not any house in kota and lives on rent but he has a house in jaipur in which his family lives. he is receiving HRA from his employer.
My question is that in this condition HRA will exempt or not ?
One of my client works at kota as a salaried employee.he has not any house in kota and lives on rent but he has a house in jaipur in which his family lives. he is receiving HRA from his employer.
My question is that in this condition HRA will exempt or not ?
05 March 2016
yes, he can claim HRA u/s 10(13A) least of the three will be exempt
Least of:
Actual HRA received
50 percent of basic salary
Excess of rent paid over 10 percent of salary
Least of:
Actual HRA received
50 percent of basic salary
Excess of rent paid over 10 percent of salary
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