HRA calculation for partial period

247 views 4 replies

Hi Experts,

My query is regarding HRA. I have taken flat on rent in Pune for Rs. 18625/- pm. I have taken it on rent from April 2018 to November 2018 i.e. for 8 months. My other details are as below

My basic salary is Rs.881340/-

40 % of Basic is Rs. 352536/-

HRA received PA is Rs. 352536/-

Annual rent – 10 % of basic = (18625*12) – 88134 = 135366

My query

  1. I have taken house on rent for partial period i.e. for 8 months still I will have to take annual rent to calculate third point? Or it will be for 8 months?

Regards,

Abhijit Joshi

Replies (4)
it would be actual rent paid instead of annual rent in your above done calculation
agree with swadhin sahoo and salary should also considered for 8 months only

you should refer this article https://www.simpletaxindia.net/2011/01/hra-exemption-calculation-monthly.H T M L#post-page-number-2

Hi,

Thanks but the refered link is not available.

Regards,

Abhijit

 


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