Hra
This query is : Resolved
23 April 2012
In HRA if rent payed is less then 10% of salary what will be the treatment of HRA?
23 April 2012
Whole HRA would be taxable under SALARY.Since u/s.10(14) HRA is exempt by least of following:
1 40% or 50% of Salary as the case may be.
2.Actual HRA received
3.Excess rent paid over 10% of salary
the last one would be least since it tends to be negative hence nothing would be exempt.
1 40% or 50% of Salary as the case may be.
2.Actual HRA received
3.Excess rent paid over 10% of salary
the last one would be least since it tends to be negative hence nothing would be exempt.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Grand in aid
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
