How anyone calculate HRA exemption from taxable salary for
Exam. HRA is 12000 and rent paid is 11500 and total salary
is 50000 thousand???????? plz. clear with example!!
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Answer Posted / satyanarayana raju
My dear Un Known.pl go thru my answer with example
To get HRA exemption from taxable salary you have take the
following three steps into consideration
1.Actual HRA recd
2.Rent paid-10% of salary
3.40% or 50% of salary as the case may be
The least of the three will be exempted from salaried income
Here I calculate the exemptio with the given figures
1.HRA recd 12000
2.Rent paid(11500)-(10% salary)50000*10%=6500
3.40% salary 20000
The least of the three is 6500. hence we have to take 6500
as exempted one.
In this context I would like say one thing. If you really
want to know the answer put question with your email id.If
you do so you will be intimated when ever a new answer is
posted.Pl also visit New Web www.therealaccountants.com
today
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