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???
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
12 July 2012
i agreed with vishal
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