In many cases, the employees require to submit their monthly mobile bills to the employer.
HRA or house rent allowance exemption calculation.
Sir, I am facing difficulty in managing the high mobile bills every month.
Salary is to be considered in respect of the period during which the rented accommodation is occupied by the employee in the previous year.House Rent Allowance or HRA exemption calculation Section 10 (13A) Disclaimer: Contents of this website are been created on the basis of the prevailing provisions of different laws, rules and regulations made therein.Though incurring actual expenditure on payment of rent is a pre-requisite for claiming deduction under section 10(13A it has been decided as an administrative measure that salaried employees drawing house rent allowance upto.3000/- per enjoy prepaid promo code 2014 month will be exempted from production of rent receipt.Rule 3(7) ix of the IT Act.It may, however, be noted that this concession is only for the purpose of tax-deduction at source, and, in the regular assessment of the employee, the Assessing Officer will be free to make such enquiry as he deems fit for the purpose of satisfying himself that the employee.A tax exemption order will ensure that you will only be paying capital gains tax on capital gains exceeding this tax-free allowance.They provide a monthly limit of the mobile expenses, borne by the organization.House rent allowance or HRA exemption provisions are specified in section 10(13A) of income tax act 1961 read with rule.
Xxxx 5, actual HRA Received, xXXX 6, taxable HRA (5-4 xXXX.
Hence let us discuss the Calculation of House Rent Allowance Exemption in Income Tax as per Income Tax Act 1961, Section 10(13A Read with Rule 2A of Income Tax Rules 1962.
Also there is a suggestion on the payment of the total allowance in lump sum without the need of filling the mobile allowance form or submitting bills.Mobile phone allowance has been a hidden and undiscovered tool of tax savings, which are not exercised by many.In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.Particulars, amount in Rupees 1, hRA actually received in respect of the relevant period.Whereas in some cases, the employees are required to write an application or letter to the concerned authority of the organization for request of availing the mobile phone allowance benefit.Income Tax Dept has mentioned so many times on wrong calculation of HRA by employees while submitting the returns.And private organizations have the by default mobile allowance which is not needed to apply by the employees for reimbursement.Mobile phone allowance Letter.Employer gives house rent allowance to employee to meet expenses in connection with rent based on the location of employment.Xxxx 4, exempted HRA (Least of the above three will be exempted).