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HRA EXEMPTION U/S 10(13A)

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5 Points Posted on 06 March 2022
Rent paid in excess of 10% of basic salary*. Want to know about the salary (basic pay+grade pay) or (basic pay+grade pay+d.a.). please write about.
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On 06 March 2022 at 07:25 Report
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CFO- at NHTF
58280 Points Posted on 06 March 2022
Basic will be considered in practice..DA & other allowance may be considered only if it is part of retirement benefits.

HRA exemption is least of the below
40/50% of basic salary
Rent paid - 10% of basic
Actual HRA
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On 06 March 2022 at 07:38
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Profession Business
28207 Points Posted on 06 March 2022
Salary under Income Tax act has different connotation.
The assesse must have a rent receipt and other conditions remaining same.
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On 06 March 2022 at 08:50
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CFO- at NHTF
58280 Points Posted on 06 March 2022
Salary for HRA purpose is Basic + DA if it's part of retirement benefits..

Generally basic will be considered many enterprises don't give DA
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On 06 March 2022 at 08:51


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