Hra
This query is : Resolved
16 October 2011
Hi
I want some querry regarding house rent allowance case is that the employee was entitled HRA of rs. 6500.00 P.M. from 1.04.10 to 31.08.2010. he was paying a rent of Rs. 7600.00 for a house in Delhi. With effect from 01.09.2010 he has been provided with accommodation by the company for which the company is paying the rent of rs. 5500.00 P.M.
The company recovered from him Rs. 1200.00 as rent for the Accommodation.
Can anybody suggest me
I want some querry regarding house rent allowance case is that the employee was entitled HRA of rs. 6500.00 P.M. from 1.04.10 to 31.08.2010. he was paying a rent of Rs. 7600.00 for a house in Delhi. With effect from 01.09.2010 he has been provided with accommodation by the company for which the company is paying the rent of rs. 5500.00 P.M.
The company recovered from him Rs. 1200.00 as rent for the Accommodation.
Can anybody suggest me
16 October 2011
VALUE OF HRA IS NIL BECAUSE RENT PAID IS MORE THAN HRA RECEIVED FOR THE PERIOD 01.04.2010 TO 31.08.2010.....AND CALCULATE RFA FOR FURTHER PERIOD FROM 01-09-2010 TO 31-03-2011. WHICH IS LEAST OF FOLLOWING-:
1. RENT PAID BY EMPLOYER
2 15% OF RFA SALARY.
LESS FROM ABOVE LEAST, AMOUNT RECOVERED FROM EMPLOYEE
1. RENT PAID BY EMPLOYER
2 15% OF RFA SALARY.
LESS FROM ABOVE LEAST, AMOUNT RECOVERED FROM EMPLOYEE
16 October 2011
RFA SALARY DOES NOT INCLUDES THOSE ITEMS-:
1. DA OR DP IF NOT ENTER
2 EMPLOYER'S CONTRIBUTION TO PF OF THE EMPLOYEE & INTEREST THEREON.
3. PERKS U/S 17(2)--WHETHER MONETARY OR NOT..
ALL OTHER ITEMS OTHER THAN SPECIFIED ABOVE CONSIDERED FOR CALCULATION OF RFA SALARY.
1. DA OR DP IF NOT ENTER
2 EMPLOYER'S CONTRIBUTION TO PF OF THE EMPLOYEE & INTEREST THEREON.
3. PERKS U/S 17(2)--WHETHER MONETARY OR NOT..
ALL OTHER ITEMS OTHER THAN SPECIFIED ABOVE CONSIDERED FOR CALCULATION OF RFA SALARY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
