Chinmay.irefr
Admin & Accounts
+8 Others

Dear Sir, How to calculate HRA Exemptions to calculate TDS. Regds Ramdas.iyer
From India, Mumbai

Dear Ramdass HRA Exemption = Actual house rent paid-10% of excess basic salary. Regards Charvaka Reddy
From India, Hyderabad
Dear Ramdass
There are three ways to calculate the HRA :-
1. Actual HRA received
2. If you are living in metropolitan city, it should be 50% of basic, otherwise 40% of basic component of your salary
3. If you are paying rent & you have rent receipt, you should calculate "Rent paid-10% of basic"
Now, HRA Exemption = Minimum return from the above three way calculation.
I hope it will fulfill your query.
Regards,
Sanjay Gupta
9871018121
From India, Delhi
Dear Ramdas,
You can ask for a free Demo at Sensys Technologies, 022-66278601/02, they have a good payroll software which will take care every thing related to Payroll like payroll processing, PF, ESIC, MLWF, Income Tax etc. visit their website at http://www.sensysindia.com
Thanks
Rahul
From India, Mumbai
least of 3 is exempted 1. Actual HRA Received 2. Rent Paid- 10% Salary* 3. 40% Or 50%** of Salary *Salary= Basic Salary+DA(Forming part) ** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
From India, Lucknow
Dear All,
Actual HRA Received
2. Rent Paid- 10% Salary*
3. 40% Or 50%** of Salary
*Salary= Basic Salary+DA(Forming part)
** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
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Above all are mandatory or Depend on Company policy .
From India, Bangalore
HRA:- Least of following: (1) 10 % of Salary; (2) Amt. Actually Received; (3) Amt. if Accommodation situated in (a) Mumbai, Delhi, Kolkata & Chennai = 50%; (b) Other Case = 40%.
From India, Mumbai
Dear Ramdass, HRA Excemption = Actual House rent paid - 10% Excess Basic Salary. metro cities HRA IS 50% OF Basic Salary Non Metro Cities HRA IS 40% OF Basic Salary Regards Charvaka Reddy
From India, Hyderabad
Hi Kindly use this attached Excel file for HRA exemption calculation
From India, Mumbai

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File Type: xls HRACALCULATION.xls (55.0 KB, 8643 views)

Hi Ramdas,
Example : HRA Recd - Rs. 100/- Rent Paid By You (livinging in Delhi)- Rs. 150/- , Basic Salary-Rs. 250/-
Least of following 3 is exempted
1. Actual HRA Recd. Rs.100/-
2. Rent Paid-10 % of SAL* (Rs. 150-10%X Rs. 250) Rs. 125/-
3. 50% of SAL* (50% X Rs. 250 ) Rs. 1250/-
Above 3 Point No. 1 Rs. 100/- is least
Taxable HRA - Actual Recd. - Exempted (100-100=0)
From India, Lucknow
Dear Seniors One of my colleagues having 25000 basic + 12500 hra + 3500 Conveyance + 2000 medical + 2000 mobile total 45000- how do i calculate TDS on his salary.
From India, Delhi
Dear All,
Actual HRA Received
2. Rent Paid- 10% Salary*
3. 40% Or 50%** of Salary
*Salary= Basic Salary+DA(Forming part)
** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
Above calculation is ture or false pls confirm its urgent
thank's
From India, Hyderabad
Dear HR Team how to do pf and esic challan ,format and calculation , all details i needed Thanks
From India, New Delhi
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