devijegatha (jmc6) (36 Points)
17 March 2010Dear sir,
My HRA for 9 months is Rs.62100/- and for 3 months of jan,feb and march 10 is Rs.39000/-.
I have paid the rent of Rs.10000/- per month for 12 months.
Hence, my HRA rebate is 91500/-. But my disbursement officer is allowing only 84300/- . on pro rata basis.
Pl. clarify.
thanks
Amir
(Learner)
(4016 Points)
Replied 17 March 2010
Dera Sir,
In case of HRA Least of the following is exempt -
1) HRA recevied
2) Rent Paid - 10% Of Salary
3) 50% of Salary in case of Metros & 40% in case House is situated in other cities
Salary would include = Basic + DA(under terms of Employment) + Fixed % Commision on Turnover
Plz check with these limits
Nomula Sreenivasarao
(DGM -Accounts)
(163 Points)
Replied 17 March 2010
Dear Friend,,,
For HRA Exemption You can observe below things....
1) Actual Rent Paid less 10% of basic Salary. xxxxx
2) Actual HRA Received xxxxx
3) 40% of Basic (in case of A1 cities 50%) xxxxxx
Which ever is lowest in above three amounts should be the your HRA exemption.
i think your Basic salary 168600/-, Hence you will be elgible for 50% of basic salary i.e. 84300/-..
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