Tds on rent
This query is : Resolved
19 January 2013
Hi,
My Hra calaulation is as below
1 Actual HRA (as per basic) = 78000
2 50% of Basic(Delhi) = 78000
3 Rent>10% of Basic = 92400
Least of the above is exempted = 78000
How much amount of rent receipt i need to Give to my employer?
My Hra calaulation is as below
1 Actual HRA (as per basic) = 78000
2 50% of Basic(Delhi) = 78000
3 Rent>10% of Basic = 92400
Least of the above is exempted = 78000
How much amount of rent receipt i need to Give to my employer?
19 January 2013
tell us about salary
what is DA
I assue there is no DA
so rent recipt must be min 93600 so that it is more than 78000 than 10% of basic
what is DA
I assue there is no DA
so rent recipt must be min 93600 so that it is more than 78000 than 10% of basic
19 January 2013
How This is 93600?
I think if 78000 the least one is exempted than the rent receipt may be 6500/- per month or 78000 for annual.
I think if 78000 the least one is exempted than the rent receipt may be 6500/- per month or 78000 for annual.
19 January 2013
First do the calculations with rent 6500 p.m. and than 9000 p.m., you will get the reply, if not than i will explain.
Thanks and regards.
Thanks and regards.
19 January 2013
Thanks For Answering
I had done the calculation and got
6500*12=78000(Which is least & Exempted in above case)
9000*12=108000 (cant understand this)
Can u explain this?
I had done the calculation and got
6500*12=78000(Which is least & Exempted in above case)
9000*12=108000 (cant understand this)
Can u explain this?
19 January 2013
Step 1-- Data extraction from your query
Actual HRA received pm. = 78000/12 = 6500 pm.
Your basic salary yearly = 78000/50% = 156000
Your basic salary pm. = 156000/12 = 13000 pm.
10% of basic salary = 13000 X 10% = 1300 pm.
Step 2-- Calcultion of actual rent payment required to exempt hra of 6500 pm
taking actual rent as 6500 pm than
least of
1. Actual HRA = 6500 pm
2. 50% of basic = 6500 pm
3. rent paid less 10% of basic= (6500-1300)= 5200 pm.
hence if u pay rent of 6500pm than only 5200 will be eXempt.
Now try paying 7800 pm as rent
least of
1. Actual HRA = 6500 pm
2. 50% of basic = 6500 pm
3. rent paid less 10% of basic= (7800-1300)= 6500 pm.
So if u pay 7800 pm or more than 6500 pm is exempt.
9000 was provided so that u can meditate for the correct answer!
Thanks and regards.
Actual HRA received pm. = 78000/12 = 6500 pm.
Your basic salary yearly = 78000/50% = 156000
Your basic salary pm. = 156000/12 = 13000 pm.
10% of basic salary = 13000 X 10% = 1300 pm.
Step 2-- Calcultion of actual rent payment required to exempt hra of 6500 pm
taking actual rent as 6500 pm than
least of
1. Actual HRA = 6500 pm
2. 50% of basic = 6500 pm
3. rent paid less 10% of basic= (6500-1300)= 5200 pm.
hence if u pay rent of 6500pm than only 5200 will be eXempt.
Now try paying 7800 pm as rent
least of
1. Actual HRA = 6500 pm
2. 50% of basic = 6500 pm
3. rent paid less 10% of basic= (7800-1300)= 6500 pm.
So if u pay 7800 pm or more than 6500 pm is exempt.
9000 was provided so that u can meditate for the correct answer!
Thanks and regards.
19 January 2013
Dear Mohit
as Anurag explain 7800 x 12 = 93600
so I think you can understand why I said 93600
as Anurag explain 7800 x 12 = 93600
so I think you can understand why I said 93600
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