Income tax (hra)

This query is : Resolved

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)
Follow

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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK B GONDKAR

xavier

Vinod Selv

shubham agrawal

Shailesh Prajapati

Subscribe Now

Income tax (hra)

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA