HRA salary

Tax queries 99 views 2 replies

   Employee claiming  Home loan principle and interest

   and also submitting  Rental receipt

  and also claiming HRA in salary

  clarify for rule position.

Replies (2)
Rental receipt is compulsory in case availing exemption

 

gross pay= basic+hra+allowance+special allowance.

taxable income= gross pay - (pf+pt+esi)- standard dections 80c (loan falls here) 

tax laibility on salary= slab rates total on taxable income-rebat+tds

 

 

 


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