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Help needed for calculation of hra exemption

Tax queries 755 views 2 replies

Hi there I am an assistant professor(doctor) at a government institute in delhi.My institute in calculating the HRA exemption from my salary iincluding NPA with DA in the formula for HRA exemption that is applicable-

they r using-Rent paid   -10 % of (basic+DA)

I am attaching my salary slip along with this query.

Is it right that DA is added to the basic for calculating the HRA exemption from taxable salary ?

please answer my question i will be very grateful for the same

Regards

Dr.Anshuman

9540946870


Attached File : 1204718 1264068 m0011 payslip 241213133430.pdf downloaded: 147 times
Replies (2)

1. 50%/40% OF BASIC SALARY + DA

2. ACTUAL RENT

3. ACTUAL RENT - 10% OF BASIC SALARY + DA

WHICHEVER IS LESS.

THIS WILL BE THE AMOUNT OF HRA EXEMPTION

Dear Ansuman ji,

Only DA is to be added to Basic salary not NPA.


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