Hra exemption
Querist : Anonymous
HRA received per month 15125
Gross salary 55000
Living on Rent for 5.5 months only.
Rent paid Rs. 15000 per month
Total Rent Paid Rs. 82500
Residing in Metro City.
How much he will get exemption from salary?
01. Allowance actually received
02. Rent paid in excess of 10% of salary
03. 40 / 50 (as per the city) per cent of salary
Querist : Anonymous
please provide the accurate and complete data for the whole year 2015-16.
Your query is saying it on month basis.
Whether rent is paid for 6 months or 5.5 months... Please dont keep the things for the imagination of the ANSWER
Querist : Anonymous
01. HRA received (Assuming the terms of employment so provides that even if the person is NOT staying in rental premises, he is entitled to receive HRA on similar basis) 15,125 X 12 = 181,500
02. Rent paid in excess of 10% salary 82,500 - 66,000 = 22,500
03. 50 % of salary = 330,000
Querist : Anonymous
right???
you said it.
thank you.
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