Salary for HRA exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 January 2011
From one of our client, the salary has been apportioned as Basic, DA,HRA, Conveyance, Special allowance etc. Reg HRA exemption, for 40% or 10% salary calculation which salary should be taken whether Basic + DA or inclusive of all allowances.
CA. R. B. SAH
(Expert)
01 January 2011
BASIC+DA
CA. Lohith Jagadeesh
(Expert)
06 February 2011
Salary for the purpose of Calculation of HRA will be as follows
Basic Salary + DA (if it enters in to retirement benefits) + Commision as a Fixed %age of Turn Over.
This formula has been given in a Supreme Court Judgement
"Gestetner Duplicators (P) Ltd v/s CIT"
ITR 117 , 1979, SC
IN THIS RELEVANT ISSUE POSTED
Salary = B.S + D.A
For further Clarifications pls Join my Community "Lo Aca"
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),ITF Hons, SAPM Hons
Basic Salary + DA (if it enters in to retirement benefits) + Commision as a Fixed %age of Turn Over.
This formula has been given in a Supreme Court Judgement
"Gestetner Duplicators (P) Ltd v/s CIT"
ITR 117 , 1979, SC
IN THIS RELEVANT ISSUE POSTED
Salary = B.S + D.A
For further Clarifications pls Join my Community "Lo Aca"
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),ITF Hons, SAPM Hons
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