Dear Senior HR, If company provide a free accommodation to their employee at site(we are into construction industry), then their HRA component will be taxable. Regards, SAI
From India, Madras
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From India, Madras
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For the accommodation provided by your company, there will be a deduction in your payslip, is it right? If that is the case, before such deduction, your gross pay, your HRA as per your payslip counts. Fifty percent of your basic or fifty percent of your HRA, whichever is lesser, will be taken for calculation for your rent. I hope I have answered your question; if not, please get back.
Regards,
Ibrahim
From India, Hyderabad
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35Regards,
Ibrahim
From India, Hyderabad
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Ibrahim, I dont think any HRA deduction is shown in as tax deducted in any payslip.. and no HRA can be claimed for free accomodation!! Regards, Vivek
From India, Bangalore
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From India, Bangalore
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Ibrahim,
There is no deduction in the payslip; site accommodation will not be shown in the payslip; it's out of CTC.
I agree with Vivek, but when I checked with the tax consultant, he says the site accommodation charges will be considered perks, and HRA will not be taxable as per the norms.
Regards,
From India, Madras
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There is no deduction in the payslip; site accommodation will not be shown in the payslip; it's out of CTC.
I agree with Vivek, but when I checked with the tax consultant, he says the site accommodation charges will be considered perks, and HRA will not be taxable as per the norms.
Regards,
From India, Madras
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Hi Sai, Just a point to add further to what your CA communicated.. Either you can provide a site accomodation or HRA but NOT both..as it is not correct norms as per the IT Act. Regards, Rajat
From India, Pune
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From India, Pune
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Dear Sai,
All replies to your query are not correct and misleading. First of all, there cannot be a situation where HRA is given in the payslip and accommodation is also provided by the company. If this were the case, then the HRA provided in the payslip would be taxable, and 10% of your gross salary would be added to your salary as perquisites.
Ramesh Sharma
From India, Chandigarh
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All replies to your query are not correct and misleading. First of all, there cannot be a situation where HRA is given in the payslip and accommodation is also provided by the company. If this were the case, then the HRA provided in the payslip would be taxable, and 10% of your gross salary would be added to your salary as perquisites.
Ramesh Sharma
From India, Chandigarh
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