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HRA exemption
If HRA received is 120000/- and exempted HRA is 90000/-, whether balance HRA is shown as exempt income under section 10 or not??
Replies (5)
yes,exempt!,,,....
means 30000/- is shown as exempt income under exempt income schedule.
sorry......I missed to type the relevant answer!
actual HRA minus Exempt HRA =Taxable HRA.
The thing, I am trying to say,you can't show it as exempt income...
actual HRA minus Exempt HRA =Taxable HRA.
The thing, I am trying to say,you can't show it as exempt income...
the balance HRA would be taxable
sorry for the inadvertent mistake as taxable HRA is 50000/-.
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