Tds for hra and conveyance
This query is : Resolved
T chidambaram
(Querist)
10 April 2014
pl explain whether HRA and conveyance are exempted from the TDS scheme.If so what percentage each ?
10 April 2014
Hi Chidambaram,
HRA - least of below is exempted
1. Actual HRA received
2. Rent paid less 10% of Salary
3. If residence is in metro 50% of salary elsewhere 40% of salary
(Salary for this purpose = Basic + D. A.)
Conveyance is exempted upto Rs.800 per month
Regards,
Devanand
HRA - least of below is exempted
1. Actual HRA received
2. Rent paid less 10% of Salary
3. If residence is in metro 50% of salary elsewhere 40% of salary
(Salary for this purpose = Basic + D. A.)
Conveyance is exempted upto Rs.800 per month
Regards,
Devanand
10 April 2014
Correct devanand....
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