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 Threads
- Need advise with HRA claim
- Schedule AL limit for FY 2024-25
- Can a person use ITR 1 when she has CG of Rs.250/
- Choice of itr form
- DTAA with US - Interest & Dividend
- Last Year ITR Not Filed and Hence NO TDS was claim
- Does ITR2 take much longer for processing
- New GST Reforms 2025 Announced by PM Modi –
- Share capital Amount
- Fund claimed as nominee of deceased Parent
Related Threads
CAclubindia
