Hra exmption limit
This query is : Resolved
19 December 2014
Dear sir,
I am private school teacher. my salary is Rs.30000/-P.M.
Pleas tell me HRA exmption for income tax.
we take miuxum benifit from hra.
I am private school teacher. my salary is Rs.30000/-P.M.
Pleas tell me HRA exmption for income tax.
we take miuxum benifit from hra.
19 December 2014
A. Rent paid in excess of 10% of salary
B. 40% or 50% of salary (This depends upon the city where you stay
C. Actual HRA received
The least of the above is exempt. You need to calculate accordingly so as to avail the optimum benefit.
B. 40% or 50% of salary (This depends upon the city where you stay
C. Actual HRA received
The least of the above is exempt. You need to calculate accordingly so as to avail the optimum benefit.
19 December 2014
40%(50% in delhi, Mumbai, Kolkata, Chennai) of basic salary
rent paid excess of 10% of basic salary
HRA received
whichever is less will allowed
rent paid excess of 10% of basic salary
HRA received
whichever is less will allowed
19 December 2014
agreed with above reply..................
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
