Hra calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2012
how to calculate
Mihir Doshi
(Expert)
26 April 2012
HRA exemption should be calculated as the least of the following.
1. Rent paid in excess of 10% of basic salary.
2. Actual HRA received by the employee.
3. Forty percent of basic salary, if the location of the residence is in a non-metro city/town or 50% of basic salary, if the location of the residence is in a metro city
HRA exemption should be calculated as the least of the following.
1. Rent paid in excess of 10% of basic salary.
2. Actual HRA received by the employee.
3. Forty percent of basic salary, if the location of the residence is in a non-metro city/town or 50% of basic salary, if the location of the residence is in a metro city
Murtaza I Bhagat
(Expert)
26 April 2012
exact reply
you can also take help from below link files
https://www.caclubindia.com/share_files/files_download.asp?files_id=36178
https://www.caclubindia.com/share_files/files_download.asp?files_id=37432
you can also take help from below link files
https://www.caclubindia.com/share_files/files_download.asp?files_id=36178
https://www.caclubindia.com/share_files/files_download.asp?files_id=37432
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