Income tax (hra)

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Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2011 Find out HRA chargeable to tax
name of employer of Mr. x:Altd upto 31st aug.2009 at agra .
Bltd. from 1st oct.2009 at mumbai(from 1st jan.,2010 at goa)
basic salary(increased to rs.18000 from 1stfeb.,2010):
Altd.-6000 and Bltd.-11000
HOUSE RENT ALLOWANCE:
Altd. -3000 and B ltd.-5600
MONTHLY RENT PAID:
rent paid at Agra(from 1st april,2009 to 30thsep.,2009)
A ltd.-2600 and Bltd.-nil
rent paid at mumbai (from 1stoct.,2009 to 28th feb.,2010)
Altd.-nil and Bltd.- 7000
rent paid at GOA(from 1st march,2010)
Altd.-nil and Bltd.-1560

CMA. Murali

CMA. Murali (Expert)

13 August 2011 A Ltd
Upto Aug, 2009
HRA Received Per Month 3,000
HRA Paid Per Month 2,600
No of Months 5
Basic Salary Per Month 6,000

HRA Received Per Annum 15,000
Exemption as per Sec 10 (13 A)
1 Actual HRA 15,000
2 40% of Basic Salary 12,000
3 Actual Rent Paid - 10% of Basic 10,000 10,000
Taxable HRA 5,000

B Ltd Oct - Dec 2009 @ Mumbai
HRA Received Per Month 5,600
HRA Paid Per Month 7,000
No of Months 4
Basic Salary Per Month 11,000

HRA Received Per Annum 22,400
Exemption as per Sec 10 (13 A)
1 Actual HRA 22,400
2 50% of Basic Salary 22,000
3 Actual Rent Paid - 10% of Basic 23,600 22,000
Taxable HRA 400

B Ltd Jan - Mar 2010 @ Goa
HRA Received Per Month 5,600
HRA Paid Per Month 1,560
No of Months 3
Basic Salary Per Month 11,000

HRA Received Per Annum 16,800
Exemption as per Sec 10 (13 A)
1 Actual HRA 16,800
2 40% of Basic Salary 13,200
3 Actual Rent Paid - 10% of Basic 1,380 1,380
Taxable HRA 15,420
Total Taxable HRA 20,820

CMA. Murali

CMA. Murali (Expert)

13 August 2011 Please provide your Gmail id to send the excel sheet of computation

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2011 my email id :nigam.sheetal@gmail.com

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