How to back track the calcuation of HRA exemption?

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  • How to back track the calcuation of HRA exemption?


Answer #1 | 17/12 2013 05:25
From the given details, it is not possible to calculate the ACTUAL rent paid by you to your landlord. However, the data reveal one fact: Out of Rs. 99348 received by you for full year 2011 12 as HRA, Rs. 35723 has been taken as taxable. 10% your taxable salary works out roughly to 38954. (Could not confirm). Would suggest that you contact your landlord for that year and ask him this detail.
Positive: 50 %
Answer #2 | 17/12 2013 07:55
You paid around Rs. 7,500/- per month as rent Thanks CA Angad Pal Singh 9911515363 [email protected]
Positive: 50 %
Answer #3 | 17/12 2013 23:23
HRA Calculation in your case will be HRA Exemption per month = 5302 Add 10% of Salary = 2069.6 Rent Paid will be = 7370/- As per rule HRA will be if Person is paying rent: Least is exempt from below 1. Actual Receipt in respect of relevant period 2. Rent paid Less: 10% of salary of relevant period 3. 40% of salary / 50% 0f salary where residential house is situated in Mumbai, Kolkata, Delhi or Chennai
Positive: 50 %

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