Answer / satyaki_raju@yahoo.com

HRA house rent allowance which is given by the employer to
teh employee to meet the rent of his residence. But some
portion of allowance will be exempted from taxable income
basing on the below rule
1.Actual HRA
2.Rent paid -10% of salary
3.50% of salary in case of metro cities and 40% of salary
in other places.
The least of the three will be exempted from taxable income

Answer / ramesh r

1.Actual HRA
2.Rent paid -10% of salary
3.50% of salary in case of metro cities and 40% of salary
in other places.
The least of the three will be exempted from taxable income.

If any one provide TDS and Service tax Rates from 2003 to 2010

2 Answers   Essar, Reliance,

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please explain me brifly procedure of monthly tds filling

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,

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Hi, can you please confirm, what should be the rate of TDS when, I will pay revenue share to a domestic company ?? Tx Buddha

0 Answers  

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if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

0 Answers   Sapcon Instruments,

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serice tax can be exempted in calculation of tds on contract wages as exempted like rent on service tax

2 Answers  

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is there in india the rate of work contract are same in all states if now what are the statewise rate

0 Answers  

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Define salary for the following purposes 1.Entertainment Allowances 2.House Rent Allowance

1 Answers  

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what is the rate of tds below 60, if salary is rs. 20000.00 & 25000.00 and how to calculate.

1 Answers  

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Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

0 Answers  

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Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.

0 Answers   Genpact,

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CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

0 Answers  

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