Menu
Catergorozation of Metro city for HRA exemtion
Do Bangalore to be catergorized as Metro City as Per Income Tax Act
Replies (5)
Yes, as per Census 2011 Bangalore is a metro city
No , for HRA purpose only four cities are considered i.e.,delhi, Mumbai, kolkata, Chennai (madras) .
so, Bangalore not to be considered as metro city for computation of HRA as per income tax act
so, Bangalore not to be considered as metro city for computation of HRA as per income tax act
Vahi - for Bengaluru, you need to still account it as a non-metro.
No. Bangalore does not come under Metro Cities specified under Rule 2A prescribing quantum of exemption for the purpose of HRA under Income Tax Act. Only four cities viz. Bombay/Calcutta/Delhi/Madras are considered as Metro Cities.
For HRA purpose, Bangalore city is not considered as metropolitan city under IT Act.
Recent Threads
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
Related Threads
CAclubindia
