HRA
This query is : Resolved
MADHU SUDHAN K
(Querist)
25 March 2010
Dear all,
Please tell me the rules/exemptions of HRA for govt.bank employees working in hyderabad.
Thanks
Please tell me the rules/exemptions of HRA for govt.bank employees working in hyderabad.
Thanks
Rahul Gupta
(Expert)
25 March 2010
HRA is calculated on Basic Pay +DA . The least of the following amount is avaialable as exemption :-
1. 40% (for Hyderabad) of Basic.
2. Actual rent paid - 10 % of basic
3. HRA (As per Appointment letter)
Also, you are required to submit the rent recipts to your employer for claiming exemption for HRA.
1. 40% (for Hyderabad) of Basic.
2. Actual rent paid - 10 % of basic
3. HRA (As per Appointment letter)
Also, you are required to submit the rent recipts to your employer for claiming exemption for HRA.
Message likes :
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CA Ashok Kumar Sahu
(Expert)
25 March 2010
Agree with expert
Message likes :
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Shashwat Chheda
(Expert)
25 March 2010
Also, you can't get exemption,
1) if you own any house in Hyderabad,
2) You are actually not paying any rent.
1) if you own any house in Hyderabad,
2) You are actually not paying any rent.
CMA Ramesh Krishnan
(Expert)
25 March 2010
agree with expert
CA Ravi Sisodia
(Expert)
25 March 2010
Agreed...
Message likes :
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MADHU SUDHAN K
(Querist)
26 March 2010
Thanks to all
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