Hra calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2013
The Assessee is paying rent of Rs 8000/month ( Bangalore), kindly confirm me the HRA exemption limit,please find salary break up below:
Basic Salary Rs. 90,150
DA Rs. 13,200
HRA Rs.74,229
4.Medical allowance Rs.46.389
5.Transport allowance Rs.18,558
6.Leave travel Allowance Rs.46,389
7.Bonus Rs.34,995
Regards
Santosh
Basic Salary Rs. 90,150
DA Rs. 13,200
HRA Rs.74,229
4.Medical allowance Rs.46.389
5.Transport allowance Rs.18,558
6.Leave travel Allowance Rs.46,389
7.Bonus Rs.34,995
Regards
Santosh
Ganeshbabu K
(Expert)
28 November 2013
HRA exemption u/s 10(13A)
.
.
1)HRA received-74,229
2)Rent paid in excess of 10% of salary--(96000-10335)=85665
3)40% of salary=40% of (103350)=41340
.
.
least of above is exempt under HRA
.
.
hence 41,340 is your HRA exemption eligible u/s 10(13A)
.
.
1)HRA received-74,229
2)Rent paid in excess of 10% of salary--(96000-10335)=85665
3)40% of salary=40% of (103350)=41340
.
.
least of above is exempt under HRA
.
.
hence 41,340 is your HRA exemption eligible u/s 10(13A)
Message likes :
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Ganeshbabu K
(Expert)
28 November 2013
Kindly refer to this article to know how to caluculate exemption
.
.
https://www.charteredclub.com/house-rent-allowance/
.
.
https://www.charteredclub.com/house-rent-allowance/
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