Easy Office
LCI Learning

hra

This query is : Resolved 

24 March 2011 how to calculate hra

26 March 2011 Hi,

Calculation of HRA is as follows

Particulars Amt
Actual HRA Received xxxx
Least of the Following is exempt
under Section 10(13A)
1)Actual HRA xx
2)Rent paid - 10% of Salary* xx xx
3)50% or 40% of Salary* xx _______
Taxable HRA xxxx

Note
* Salary means

BAsic Salary + D.A { if it enters into Retirement benefits } + Fixed % of Commission on Turn Over acheived by the Employee

THE EQUATION IS GIVE BY A CASE LAW

" Gestetner Duplicators (P) Ltd
- ITR 117 Vol 1, 1979 SC "

50 % for Cities in Mumbai, Delhi, Kolkata & Chennai.

40% for the remaining cities

Thank you,

Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons

26 June 2011 thank u sir






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries