Interested to Buy Any Domain ? << Click Here >> for more details...
How anyone calculate HRA exemption from taxable salary for
Exam. HRA is 12000 and rent paid is 11500 and total salary
is 50000 thousand???????? plz. clear with example!!
- 3 Answers
- 12610 Views
- TCS, I also Faced
- E-Mail Answers
Answer Posted / satyanarayana raju
My dear Un Known.pl go thru my answer with example
To get HRA exemption from taxable salary you have take the
following three steps into consideration
1.Actual HRA recd
2.Rent paid-10% of salary
3.40% or 50% of salary as the case may be
The least of the three will be exempted from salaried income
Here I calculate the exemptio with the given figures
1.HRA recd 12000
2.Rent paid(11500)-(10% salary)50000*10%=6500
3.40% salary 20000
The least of the three is 6500. hence we have to take 6500
as exempted one.
In this context I would like say one thing. If you really
want to know the answer put question with your email id.If
you do so you will be intimated when ever a new answer is
posted.Pl also visit New Web www.therealaccountants.com
today
| Is This Answer Correct ? | 25 Yes | 4 No |
Post New Answer View All Answers
how i get h form
What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?
How to adjustment of CST ? and also tell me about C-Form affairs ?
How tax deduction at source is deducted
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
What is the date of depositing entry tax and submission of return?
come'?
what is D-1, D-2, Vat-C4,
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
why use diff vat forms like vat51 vat3 why
i want know central excise duty codes with cess?
cst rates
Hellow this is ravindra wanted to know about excise duty rates pls suggest
