Dear Sir, How to calculate HRA Exemptions to calculate TDS. Regds Ramdas.iyer
From India, Mumbai
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1From India, Mumbai
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Dear Ramdass HRA Exemption = Actual house rent paid-10% of excess basic salary. Regards Charvaka Reddy
From India, Hyderabad
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From India, Hyderabad
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Dear Ramdass,
There are three ways to calculate the HRA:
1. Actual HRA received.
2. If you are living in a metropolitan city, it should be 50% of the basic salary; otherwise, it should be 40% of the basic component of your salary.
3. If you are paying rent and you have rent receipts, you should calculate "Rent paid - 10% of basic."
Now, the HRA Exemption equals the minimum return from the above three ways of calculation.
I hope this fulfills your query.
Regards,
Sanjay Gupta
9871018121
From India, Delhi
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There are three ways to calculate the HRA:
1. Actual HRA received.
2. If you are living in a metropolitan city, it should be 50% of the basic salary; otherwise, it should be 40% of the basic component of your salary.
3. If you are paying rent and you have rent receipts, you should calculate "Rent paid - 10% of basic."
Now, the HRA Exemption equals the minimum return from the above three ways of calculation.
I hope this fulfills your query.
Regards,
Sanjay Gupta
9871018121
From India, Delhi
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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
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From India, Lucknow
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Dear All,
Actual HRA Received:
1. Rent Paid - 10% of Salary*
2. 40% or 50%** of Salary
* Salary = Basic Salary + DA (Forming part)
** 50% for Metro Cities (Delhi, Mumbai, Chennai, Kolkata)
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The above requirements are mandatory or depend on the company policy.
From India, Bangalore
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Actual HRA Received:
1. Rent Paid - 10% of Salary*
2. 40% or 50%** of Salary
* Salary = Basic Salary + DA (Forming part)
** 50% for Metro Cities (Delhi, Mumbai, Chennai, Kolkata)
Reply with Quote.
The above requirements are mandatory or depend on the company policy.
From India, Bangalore
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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
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From India, Mumbai
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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
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From India, Hyderabad
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Hi Kindly use this attached Excel file for HRA exemption calculation
From India, Mumbai
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From India, Mumbai
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Hi Ramdas,
Example: HRA Received - Rs. 100/- Rent Paid By You (living in Delhi) - Rs. 150/-, Basic Salary - Rs. 250/-
Least of the following 3 is exempted:
1. Actual HRA Received: 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/-
Among the above 3 points, No. 1 Rs. 100/- is the least.
Taxable HRA = Actual Received - Exempted (100 - 100 = 0)
From India, Lucknow
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Example: HRA Received - Rs. 100/- Rent Paid By You (living in Delhi) - Rs. 150/-, Basic Salary - Rs. 250/-
Least of the following 3 is exempted:
1. Actual HRA Received: 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/-
Among the above 3 points, No. 1 Rs. 100/- is the least.
Taxable HRA = Actual Received - Exempted (100 - 100 = 0)
From India, Lucknow
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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
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From India, Delhi
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Actual HRA Received:
1. Rent Paid - 10% of Salary*
2. 40% or 50%** of Salary
*Salary = Basic Salary + DA (Forming part)
**50% for Metro Cities (Delhi, Mumbai, Chennai, Kolkata)
Is the above calculation true or false? Please confirm, it's urgent.
Thank you.
Regards.
From India, Hyderabad
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1. Rent Paid - 10% of Salary*
2. 40% or 50%** of Salary
*Salary = Basic Salary + DA (Forming part)
**50% for Metro Cities (Delhi, Mumbai, Chennai, Kolkata)
Is the above calculation true or false? Please confirm, it's urgent.
Thank you.
Regards.
From India, Hyderabad
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Salary with TDS Calculation-Fin al Amended for net.xls
TDS circular.pdf