i will correct after confirming...

thanks!!!!!!!! 

hey gaurav  it is correct i have checked v.k.singhania book

@ rishab....yar V K singhania ki book me glt dia hai....here is the original concept...Agar aap Unrecognised PF ka balance kisi Recognised PF mein transfer karoge toh tab rule yeh hai:- Aap assume karoge ki ye fund create hone ke din se hi Recognised hai. Tab jo amount taxable hota i.e. (Excess of 12% of employee's salary or excess of 9.5% in case of interest credited) vo hi in the year of trf. of fund taxable hoga in the hands of employee.

Interest free Loan / Loan @ concessional rate

employer ne employee ko loan dia...ya fir member of household ko

ab meber of household kon ho skta hai

- spouse

- children & their spouse

- parents

- servants / dependants

ab ye loan interest free b ho skta hai ya km rate pe dia ho skta hai

hmne kuch khas nai krna 

sbse pele SBI rate k according interest calculate krlo

ab isko given interest k sath compare kro

jo b difference hoga, vo taxable ho jayega

ab hm india me rehte hain exceptions to hr kahin hoti hi hain...yahan b hai

- agr aggregate loan amount 20000 se km hai, to uska interest calculate krne ki koi jarurat nai hai

- agr loan rule 3A k under defined specific diseases ki treatment k lie dia hai to vo b exempt hai

value of tour and travelling accomodation

yahan 4 conditions ho skti hain

i t is very good job u have done

thanks manjunathan..but i did not continue it further as none was replying over it

gud job man  

hi friends...am back again for updations...hope u all will be benefitted..

Points to remember for computing HRA :

The exemption in HRA is based on following factors :

1. Salary

2. Place of residence 

3. Rent Paid

4. HRA Recieved

Since there is a possibility of changes in any of the above factors during the previous year, exemption of HRA should not always be calculated on annual basis.

As long as there is no change in any of the above factor, it can be calculated together for that period.

Whenever, there is a change in any of the above factors, it should be separately calculated till the next change.