Hra calculation procedure
This query is : Resolved
15 December 2015
HRA RECEIVED = RS.3000/-
RENT PAID = RS.2000/-
HOUSE SITUATED IN KOLKATA
EXEMPTION CALCULATION : ?
RENT PAID = RS.2000/-
HOUSE SITUATED IN KOLKATA
EXEMPTION CALCULATION : ?
15 December 2015
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
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