Hra exemption for tax relief
This query is : Resolved
anshuman singh
(Querist)
24 December 2013
Hi there I am an assistant professor(doctor) at a government institute in delhi.My institute in calculating the HRA exemption from my salary including NPA with DA in the formula for HRA exemption that is applicable- they r using-Rent paid -10 % of (basic+DA) I am attaching my salary slip along with this query. Is it right that DA is added to the basic for calculating the HRA exemption from taxable salary ? please answer my question i will be very grateful for the same Regards Dr.Anshuman 9540946870
Read more at: https://www.caclubindia.com/forum/help-needed-for-calculation-of-hra-exemption-275111.asp#.UrlA7Pvpwvw
Read more at: https://www.caclubindia.com/forum/help-needed-for-calculation-of-hra-exemption-275111.asp#.UrlA7Pvpwvw
24 December 2013
Salary for the purpose of Section 10(14), i.e., calculating HRA exemption means salary + DA.
24 December 2013
Salary for the purpose of Section 10(14), i.e., calculating HRA exemption means salary + DA.
anshuman singh
(Querist)
24 December 2013
hello sir thank you so much for the reply
my institute is also adding NPA to the DA and basic for HRA exemption is it justified I am working in a government insitute as a doctor
my institute is also adding NPA to the DA and basic for HRA exemption is it justified I am working in a government insitute as a doctor
25 December 2013
Please tell what is NPA.
anshuman singh
(Querist)
26 December 2013
non practising allowance given to doctors in government set up as they are not indulging in private pratice
Nikhil Kaushik
(Expert)
07 January 2014
Dear Anshuman,
answered this on your query in the Forum....it has to be included in the computation..but given that your rent paid - 10% of salary+DA is already negative, you wont be able avail any tax deduction from HRA.
answered this on your query in the Forum....it has to be included in the computation..but given that your rent paid - 10% of salary+DA is already negative, you wont be able avail any tax deduction from HRA.
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