Hra exemption and transportation allowance limit for fy 2017
This query is : Resolved
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.
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
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Non filing of I T Returns
- UDIN ISSUE
- Change Of Karta In Case of Death
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
