My friend works in a Karnataka state government corporation. She gets HRA component of just 8% of Basic pay. Her office is in a city of less than 5 lakh population. Say if basic is 30000, DA is 11000, HRA is just about 2500. Is this valid amount? Can we claim more exemption?
Menu
HRA is 8% of Basic
Replies (4)
Yes, This is valid.
For HRA no more specific percentage of pay. In Salary Component BASIC & DA is must. All others by employer's deal...
For HRA no more specific percentage of pay. In Salary Component BASIC & DA is must. All others by employer's deal...
For HRA exemption lower of the following
1. Actual HRA received
2. Rent paid - 10% of Salary (Basic + DA)
3. 40% of salary
1. Actual HRA received
2. Rent paid - 10% of Salary (Basic + DA)
3. 40% of salary
HRA EXEMPTION IS GUIDED BY SEC 10(13A ) RULE 2A .
T
T
Agreed
Recent Topic
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
Related Topics
CAclubindia
