How to calculate HRA Exempton ? Please explain with example.
- 1 Answers
- 4048 Views
- I also Faced
- E-Mail Answers
Answer Posted / sankeerthana
To avail HRA exemption you must follow the rule as noted
1.Actual HRA Received
2.Excess Rent paid over 10% of salary
3.40% of salary
The least of the three will be allowed as exemption.
Note: to avail HRA exemption you must pay rent to the house
you are residing.You cant get exemption if you are residing
in your own house or residing in a house for which you need
not to pay any rent.More over if payment of rent is less
than 10% of salary you wont get any exemption.
To know more about Taxation and Practical accountancy pl
visit once my favourite regular visiting site
www.therealaccountants.com. this is the only website
dealing exclusively with taxation and accountancy
| Is This Answer Correct ? | 4 Yes | 2 No |
Post New Answer View All Answers
what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???
how to finalaze the balence process using tally
Which form used for registration in GST?
what is WCT rate in chhattisgarh
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
Explain the Calculation of Sales Tax?
WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com
what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)
How tax deduction at source is deducted
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
How many heads are there under total income? Name them.
how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..
