HRA CAlculation for Tax benifit
This query is : Resolved
03 April 2010
Dear Sir,
Plz give the calculation for exemption for Metro and Non Metro Cities.
Thanks & Regards,
Raghav
Plz give the calculation for exemption for Metro and Non Metro Cities.
Thanks & Regards,
Raghav
Rahul Gupta
(Expert)
03 April 2010
HRA is exempted to the minimum of the following amount >
1. The actual Rent Paid
2. Excess of Rent paid over 10% of Basic salary.
3. 50% of Basic Salary for Metro Cities. In case of non metro cities 40% of basic salary.
1. The actual Rent Paid
2. Excess of Rent paid over 10% of Basic salary.
3. 50% of Basic Salary for Metro Cities. In case of non metro cities 40% of basic salary.
kartik_somu
(Expert)
04 April 2010
agree with experts
CMA Ramesh Krishnan
(Expert)
04 April 2010
agreed
CA Ravi Sisodia
(Expert)
04 April 2010
Agreed
CA Ashok Kumar Sahu
(Expert)
05 April 2010
agreed
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