Hi, Please provide me HRA Calculation and its tax deduction and rules and exceptions
From India, Delhi
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From India, Delhi
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Very URGENT... I am attaching some files..please see and comment whether the salary break up is correct and also, will all be tax free as that is what i want...thank u..its very urgent
From China
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2From China
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Dear Mr. Sanjay/Ms. Priya, this is a communication gap and ego problem. But don't worry, please find the details below; I think this will be helpful.
Basic: (Minimum wages & Maximum no Limit)
HRA: Maximum allowed is 50% of Basic in metro cities or 40% of Basic in non-metro cities.
T.A: Between office to residence, Max - Rs. 800/- (Income Tax-exempt up to 800 per month, no proof required).
Education Allowance: 100 per child, subject to a maximum of 2 children. Hence, a maximum of Rs. 200.00 is exempt.
Medical Reimbursement: Maximum Rs. 1250.00 per month is exempt only if original bills are provided.
Food: Non-cash component exempt up to 1000.00.
Regards,
Jay
From India, New Delhi
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Basic: (Minimum wages & Maximum no Limit)
HRA: Maximum allowed is 50% of Basic in metro cities or 40% of Basic in non-metro cities.
T.A: Between office to residence, Max - Rs. 800/- (Income Tax-exempt up to 800 per month, no proof required).
Education Allowance: 100 per child, subject to a maximum of 2 children. Hence, a maximum of Rs. 200.00 is exempt.
Medical Reimbursement: Maximum Rs. 1250.00 per month is exempt only if original bills are provided.
Food: Non-cash component exempt up to 1000.00.
Regards,
Jay
From India, New Delhi
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PROFESSION TAX RULES.pdf
Income Tax Calculation 2009-10 - Salaries.xls