Mr.sanjay Kumar MPR lives in a Delhi ,working as a Accounts manager in Wipro company.his details are
Basic salary Rs 25,000
HRA givened by employer Rs 12000
DA. RS 7000
Rent paid by Sanjay Rs 7,000
what is the Exempted HRA and Taxable HRA for Sanjay ???please I need clear calculation with workings
Plse help me
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HRA CALCULATION NEED
Replies (15)
Quick Summary
4500/-
Honourable eswar sir could you please elaborately with computation
50% of Basic : 12500/-
HRA : 12000/-
Rent Paid - 10% of Basic (7k-2500) : 4500/-
Lease of the above
HRA : 12000/-
Rent Paid - 10% of Basic (7k-2500) : 4500/-
Lease of the above
If DA is not form part of retirement benefits then only above calculation is correct
Query has not specifically quoted about retirement benefits
Here taxable HRA ??? sir and mam
(12000-4.5k)= 7.5k
HRA exemption: 4.5k
Taxable: 7.5k
HRA exemption: 4.5k
Taxable: 7.5k
Thank you Soo much sir
HRA Exemption 4500/-
TAXABLE HRA 7500/-
TAXABLE HRA 7500/-
👍🏻👍🏻👍🏻
Thank you Prof suhasini mam
Sec 10(13A) RULE 2A
HOUSE RENT ALLOWANCE.
HOUSE RENT ALLOWANCE.
Query is about quantum of HRA exemption and taxable HRA
Only Mumbai, Kolkatta, Delhi, Chennai have 50% allowance. Rest its 40%
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