Tax calculation
This query is : Resolved
rinkesh mittal
(Querist)
26 July 2014
hi,
i am in job with a company A from 1 april to 30 july,2014 & got salary 2,02,008 with tds of 10,000 rs.in city z,they show HRA in salary slips,i claimed every year.but i didn,t got form 16,i come to know from 26 as all detail
then i left that company,remain unemployed from 1 august to 30 nov.
I joined company B in december in city x,i got total 2,97,580 with nil tds,they didn,t show hra in form 16 nor in salary slip,but i have paid rent from december to march 2014.
now how i claim hra deductions for both different cities or for rent paid for same financial year.how i calculate tax.plz help.
i am in job with a company A from 1 april to 30 july,2014 & got salary 2,02,008 with tds of 10,000 rs.in city z,they show HRA in salary slips,i claimed every year.but i didn,t got form 16,i come to know from 26 as all detail
then i left that company,remain unemployed from 1 august to 30 nov.
I joined company B in december in city x,i got total 2,97,580 with nil tds,they didn,t show hra in form 16 nor in salary slip,but i have paid rent from december to march 2014.
now how i claim hra deductions for both different cities or for rent paid for same financial year.how i calculate tax.plz help.
Nikhil Kaushik
(Expert)
26 July 2014
just compute HRA deduction on the basis of monthly salary slip. calculation formula would remain same except for that for Metro cities the 50% of basic salary is to be considered and for other cities, 40%
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