HRA

Dear GK,

If employee receives HRA more than one employer, he has to compute total HRA received from both employer after that income tax exemption calculation

like

1. Total HRA received from Both employer

2. Rent Paid - 10% of Basic Salary (Total of Basic recevied from Both employer)

3. 40% / 50% of Salary (Total of Basic received from Both employer)

The above calculation applicable only if employee getting HRA from both employers simultaneously.

If employee working more then one employer during last PY (not simultaneously), then we need to calculate separately according time period and rent paid amount.

Calculation does not matter, exemption u/s 10(13A) does not exceed:

1. HRA actually received (total of all employer)

2. Rent paid in excess of 10% of salary

3. 50%/40% of salary (total of salary of all employment or calculate seprately and add then)

Agree with Mr. Baskar

Originally posted by : CMA.Baskar.V
	Dear GK, If employee receives HRA more than one employer, he has to compute total HRA received from both employer after that income tax exemption calculation like 1. Total HRA received from Both employer 2. Rent Paid - 10% of Basic Salary (Total of Basic recevied from Both employer) 3. 40% / 50% of Salary (Total of Basic received from Both employer) The above calculation applicable only if employee getting HRA from both employers simultaneously. If employee working more then one employer during last PY (not simultaneously), then we need to calculate separately according time period and rent paid amount.

I agree with Bhaskar sir.........