WHEN WE CALCULATED EXEMPT AMOUNT FROM HOUSE RENT ALLOWANCE ,
THE EXEMPT AMOUNT IS MINIMUM IN FLOWING
1 50 % OF SALARY IN METRO CITIES, AND IN OTHER 40 %
2 HRA RECIEVED BY EMPLOYEE IN RESPECT OF PERIOD FOR WHICH RENTAL ACCOMMODATION IS OCCUPIED.
3 THE EXCESS OF RENT PAID OVER 10% OF SALARY
I AM NOT CLEAR ON THIS POINT THE SALARY WORD INCLUDE EXTRA, OVERTIME AND ALLOWANCE OR NOT
FOR EXAMPLE
A , PAID RENT FOR PERIOD F.Y 2012-13 RS. 96000/- (8000*12),
AND HE EARN BASIC SALARY RS. 240000, HRA RS. 120000/- CONVEYANCE RS. 6000/- TOTAL SALARY RS. 366000/-
HOW MUCH AMOUNT WILL BE EXEMPT
PLEASE CLEAR THIS DOUBT
CAclubindia
