Home

Income Tax

Download

Thursday, 25 May 2017

Calculation Of House Rent Allowance (HRA) u/s 10(13A)

Method of Computation of Exemption Amount 


Ø  50%(Metro City) or 40%(Non Metro City) of Salary
Ø  Actual Rent Received
Ø  Rent Paid - 10% of Salary
(Rent Paid in excess of 10% of salary)


The Least of the above is Exempt

Salary Means - Basic Salary, Dearness Allowance(DA), Dearness Pay(DP) & Percentage Commission on Turnover

0 comments:

Post a comment