Hra calculation
This query is : Resolved
Guest
Guest
(Querist)
11 July 2012
Dear Experts
Salary received:396000
Hra recd: 180000
Rent paid 192000
person lives in mumbai...
Taxable Income???
Salary received:396000
Hra recd: 180000
Rent paid 192000
person lives in mumbai...
Taxable Income???
CA BHARATH KUMAR
(Expert)
11 July 2012
1. Can you provide the details of your salary received in depth (latest CTC Copy or payslip)?
2. Basic Salary is require for HRA calculation.
3. Provide the investments details for your salary received to get an deduction by means of tax planning.
4. Do you have an acknowledgement for the rent paid of Rs. 192000. Otherwise,it is taxable income.
2. Basic Salary is require for HRA calculation.
3. Provide the investments details for your salary received to get an deduction by means of tax planning.
4. Do you have an acknowledgement for the rent paid of Rs. 192000. Otherwise,it is taxable income.
11 July 2012
Hra Exemption least from below
1 50% of Salary-33000/2=16500per month
2. Rent paid=16000-3300(33000*10%)=12700pm
3. Hra=15000 per month
Hra Exemption U/s =12700 per month
CAlcultaion of taxable salary
Salary=396000
Hra taxable=27600
(180000-152400)
Net Taxable salary=423600
1 50% of Salary-33000/2=16500per month
2. Rent paid=16000-3300(33000*10%)=12700pm
3. Hra=15000 per month
Hra Exemption U/s =12700 per month
CAlcultaion of taxable salary
Salary=396000
Hra taxable=27600
(180000-152400)
Net Taxable salary=423600
Message likes :
1 times
CA BHARATH KUMAR
(Expert)
12 July 2012
i agreed with vishal
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
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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?
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
