hra

Tax queries 396 views 3 replies

(WANT TO LEARN)

175 Points Joined August 2009

can anyone plz elaborately explain "DEARNESS ALLOWANCE IF TERMS OF EMPLOYMENT SO PROVIDE" in terms of HRA exemption

Replies (3)

Guest

SALARY INCOME FOR THE PURPOSE OF HRA MEANS== BASIC SALARY + D.A.(WHICH ENTERS)+ COMMISSION ON TURNOVER

(WANT TO LEARN)

175 Points Joined August 2009

can u plz be more specific on WHICH ENTERS with an example of which enters and which not

STUDING

306 Points Joined January 2008

Dear Shuvro,

Cal of HRA u/s 10(13A) means salary includes

1. Basic Salary

2. Dearness Allowance ( if the terms of employment so provided for Retirement benfit)

3.Any any other fixed allowances like Fixed commission on Turnover , Bonus Etc

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