Hra exemption and transportation allowance limit for fy 2017
This query is : Resolved
Prajakta Potdar
(Querist)
09 November 2017
Respected Sir
Please guide me for FY 2017-18, AY 2018-19 regarding
1) HRA Exemption rules
2) Trasportation Allowance limit
to calculate T.D.S.on salary for FY 2017-18.
Please guide me for FY 2017-18, AY 2018-19 regarding
1) HRA Exemption rules
2) Trasportation Allowance limit
to calculate T.D.S.on salary for FY 2017-18.
CA Mohit Aggarwal
(Expert)
09 November 2017
Regarding HRA rules haven't changed I suppose. Rule says:
HRA claimed should be lower of following:
1) Rent paid
2) HRA received - 10% of Gross Salary
3) 50% of basic salary (if you are staying in metropolitan)
Regarding your transport allowance limit it is Rs.1600/- pm
09 November 2017
1. HRA- Please see rule 2A.
2. Transport allowance Rs.1600 / Rs.3200 per month for normal persons / blind,
deaf,dump & orthopaedically hadicapped. persons
2. Transport allowance Rs.1600 / Rs.3200 per month for normal persons / blind,
deaf,dump & orthopaedically hadicapped. persons
Amol S Joglekar
(Expert)
09 November 2017
For HRA....rent paid in excess of 10% of salary is the crux....
1600 per month is transport allowance for a normal person
1600 per month is transport allowance for a normal person
Amol S Joglekar
(Expert)
09 November 2017
For HRA....rent paid in excess of 10% of salary is the crux....
1600 per month is transport allowance for a normal person
1600 per month is transport allowance for a normal person
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