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Metro cities

Internal Audit 354 views 3 replies

VINAY

Internal Auditor

107 Points Joined December 2008

KIndly Tell How Many OF Metro politan City in India ?

It`s rewured for HRA Calcultaion & personal

vinay

Replies (3)

CMA P Y S V S VARMA

cost accountant

173 Points Joined August 2014

Limits for the purposes of section 10(13A) .

The amount which is not to be included in the total income of an assessee in respect of the special allowance referred to in clause (13A) of section 10 shall be—

(a)		the actual amount of such allowance received by the assessee in respect of the relevant period; or
(b)		the amount by which the expenditure actually incurred by the assessee in payment of rent in respect of residential accommodation occupied by him exceeds one-tenth of the amount of salary due to the assessee in respect of the relevant period; or
3[(c)		an amount equal to—

(i)		where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, one-half of the amount of salary due to the assessee in respect of the relevant period; and
(ii)		where such accommodation is situate at any other place, two-fifth of the amount of salary due to the assessee in respect of the relevant period,]