Paying rent to family members.
On the other hand, self-employed professionals cannot be considered merlin pass voucher codes 2015 for HRA exemption under this act, as they do not earn a salary.
The tax benefit on HRA is available only to a salaried individual who has the HRA component nashville zoo military discount as part of his salary structure and is staying in a rented accommodation.
Remember, the HRA received is fully taxable if an employee is living in his own house or if he does not pay any rent.HRA is given to meet the cost of a rented house taken by the employee for his e Income Tax Act allows for deduction in respect of the HRA paid to employees.An employee can claim exemption on his HRA under the.Rent paid less 10 of the salary for relevant period.Actual HRA received (2000*12).Salary here means basic salary which includes dearness allowance if the terms of employment provide for it, and commission based on a fixed percentage of turnover achieved by the employee.1 lakh, get PAN card.Particulars 1/4/14 31/12/14 1/1/15 31/3/15 Basic salary 2,25,000 (25,000*9) 75,000 (25,000*3) DA maurices coupon codes oct 2017 90,000 (10,000*9) 30,000(10,000*3) HRA received 18,000(2,000*9) 6,000(2,000*3) Rent paid 36,000(4,000*9) 15,000(5,000*3) Salary calculation for the purpose of HRA exemption computation Particulars 9 months 3 months Basic salary 2,25,000 75,000 DA 90,000 30,000 Total.
Mumbai, Delhi, Chennai or Kolkata) Actual rent paid less 10 of salary You can use this HRA calculator to calculate deduction allowed for HRA under section 10(13A) and Rule 2A of the Income Tax Act.
However, as per circular.Proof to be produced while claiming HRA exemption.Salary is taken only for the period for which House Rent Allowance is received.He resides at e data for salary is given below: Particular, amount (annual data basic 2,00,000, dA ( included as per terms of employment) 1,00,000.Employment, hRA exemption computation : Change in above factor has impact on HRA tax exemption.