banner_ad

HRA calculation

283 views 1 replies
User Avatar

accountant
41 Points Posted on 26 January 2019
respected sirs,
I have question on calculation of HRA..
question:
basic pay 40000
HRA. 30000(rent receipt submitted of 18000 and he lives in Delhi)
variable pay 30000
how to determind and calculate HRA
Reply Share Follow
On 26 January 2019 at 16:07 Report
Replies (1)
User Avatar

Article
126 Points Posted on 26 January 2019

HRA will be least of the following.

  • Amount received as HRA from employer = Rs. 30,000 X 12(months) = Rs. 3,60,000
  • Actual rent paid less 10% of basic = (Rs. 18,000 X 12) – Rs. 48,000 = Rs. 1,68,000
  • 50% of basic salary since he lives in a metro = Rs. 2,40,000

Hence, HRA Exemption will be 1,68,000

Reply
On 26 January 2019 at 16:55


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details