Salary head

Direct Taxation

Plz help me to solve this problem Plz tell me treatment of house rent allowance in this question..

Riya Goel

CA Inter

★ 4K+

31-Aug-21 23:56

599

Answers (4)

Excess of rent paid for 9 months over 10% of salary( only basic pay here) will be exempt

Himanshu Somani

CA Final

★ 97K+

01-Sep-21 10:04

Amount exempt is the least of the following amounts: Actual HRA received; 50% of basic salary (as he is in mumbai - given in question) Actual rent paid less 10% of basic salary + DA

Sudha Reddy

CA Final

★ 20K+

01-Sep-21 10:20

As in this ques salary is given for 9 months So we have to solve this ques for 9 months only Or for full year???

Thread Starter

Riya Goel

CA Inter

★ 4K+

01-Sep-21 11:02

Thread Starter

Riya Goel

As in this ques salary is given for 9 months So we have to solve this ques for 9 months only Or for full year???

For 9 months only

Himanshu Somani

CA Final

★ 97K+

01-Sep-21 11:04