Should HRA received be clubbed for tax calculation?
A Roy (Staff) (128 Points)
18 December 2012A Roy (Staff) (128 Points)
18 December 2012
Giridhar S Karandikar
(Team Lead)
(7553 Points)
Replied 19 December 2012
HRA is exempt from the tax u/s 10(13A) as least of the following:
40% of salary
HRA Received
Rent paid in excess of 10% of salary.
Hence HRA received and disclosed in the payslip of each of the husband & wife will only only be considered for calculating the exmeption.