Hra

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2011 Sir, Madam,

I want to know that a employee Basic Salary 9000/-P.M and 9000/- of DA which 50% of retirment benifit,rent paid Rs.12000/- p.M.,HRA Rs.10000/- than how much amount is exempt ?

Please tell me calculation also.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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22 September 2011 HRA exemption is Rs.10000
Lowest of the following is allowable as deduction:
1) actual HRA Received
2) 40% of the gross salary(50% for bangalore,chennai,mumbai and delhi cities)
3) excess rent paid over 10% of BASIC+DA

For your case:
1) Rs.10000
2) gross salary not provide so assume it is higher than 1 and 3
3) 12000-1800*=10200
*(9000+9000)*10%
from the above three lowest value is Rs.10000 so is allowable as deduction for HRA.
OM SAI SRI SAI JAI JAI SAI

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