sir,
I am a salary person, I am getting SDA Rs 3500/- per month and HRA Rs 2700/- per month and also mentioned in my form 16.
my query is that how much amount of SDA and HRA exemption under Sec 10 can I filled in ITR -I.
please advise
dearness Allowance is fully taxable....for HRA you have to calculate....least of the following will be exempt.from actual HRA received
1.Actual HRA
2 Rent paid - 10% of salary
3. 50% or 40% of the salary as the case may be..........if you are in Chennai,Mumbai, Delhi, Kolkata it's 50 other cases 40
for the purpose of salary in this case includes all taxable allowances
CAclubindia
