Menu
HRA EXEMPTION U/S 10(13A)
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.
Replies (3)
Quick Summary
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
HRA exemption is least of the below
40/50% of basic salary
Rent paid - 10% of basic
Actual HRA
Salary under Income Tax act has different connotation.
The assesse must have a rent receipt and other conditions remaining same.
The assesse must have a rent receipt and other conditions remaining same.
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
Generally basic will be considered many enterprises don't give DA
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
