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 the communication Gap and ego problem. But don't worry please find the below details I think this is helpful.
Basic: (Minimum wages & Maximum no Limit)
HRA: Maximum allowed 50% Basic in metro city or 40% Basic Non- Metro city.
T.A : Between office to Resident Max- Rs. 800/- (Income Tax- exempt up to 800 per Month no Proff Required.
Education Allow : 100 per Child subject to max 2 Children. Hence Maximum Rs. 200.00 is exempt.
Medical Reimbursement : Maximum Rs. 1250.00 P.M is Exempt only if Original Bill are Provided.
Food : Non Cash component exempt up to 1000.00.
Regards,
Jay
From India, New Delhi
Acknowledge(1)Amend(0)
This is the communication Gap and ego problem. But don't worry please find the below details I think this is helpful.
Basic: (Minimum wages & Maximum no Limit)
HRA: Maximum allowed 50% Basic in metro city or 40% Basic Non- Metro city.
T.A : Between office to Resident Max- Rs. 800/- (Income Tax- exempt up to 800 per Month no Proff Required.
Education Allow : 100 per Child subject to max 2 Children. Hence Maximum Rs. 200.00 is exempt.
Medical Reimbursement : Maximum Rs. 1250.00 P.M is Exempt only if Original Bill 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