Tax calculation

This query is : Resolved

rinkesh mittal (Querist)
Follow

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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

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%

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok