DOWNLOAD FROM SIMPLETAXINDIA .

ORG KNOW EVERY THING ABOUT HRA

Person Name

Vikas
Choose CITY NON METRO

Company Name

Vikas Bhardwaj & Company

METRO MONTHS April May June July August September October November December January February March Basic+DA*+IR*+DP* 10000 10000 10000 10000 10000 15000 15000 15000 15000 15000 15000 15000 ACTUAL HRA 5000 5000 5000 5000 5000 7500 7500 7500 7500 7500 7500 7500 RENT PAID 5200 5200 5200 5200 5200 5200 5200 5200 5200 5200 5200 5200 METRO OR NON METRO CALCULATION 4000 4000 4000 4000 4000 6000 6000 6000 6000 6000 6000 6000 EXCESS RENT PAID OVER 10 % OF Salary 4200 4200 4200 4200 4200 3700 3700 3700 3700 3700 3700 3700 NON METRO EXEMPTED AMOUNT 4000 4000 4000 4000 4000 3700 3700 3700 3700 3700 3700 3700

TOTAL

155000

77500

62400

62000
TOTAL EXEMPTION

46900

45900

ONLY YELLOW COLOUR CELLS ARE FILLABLE

NOTE*:ADD DP,DA,IR ONLY IF TERM OF EMPLOYMENT SO PROVIDES

MORE ABOUT HRA http://simpletaxindia.ORG/2008/03/hra-exemption-how-to-calculate.html

HRA Calculator Fill yellow Cell Salary Received Per month 70000 Rent Paid Per month 9000 HRA Received month per 14000 City (Fill "1"(one), if city is any One of Bombay, Madras, Calcutta, Delhi otherwise leave blank) HRA Exempted :Least of three will be exempted (1.) HRA Received 14000 (2.) Rent paid in excess of 10 % of salary 2000 (3.)40% /50 % of salary 28000 Hra exempted per month is 2000 Annual exemption 24000 Note:1.salary meaning as given in above explaination 2. If salary/rent paid/Hra received/City changed then use monthly calculation option

25% of Total Salary Rs.17500 Basic Exemption (2000 * 12) Rs.24000 Actual HRA Received Rs.14000 Rent-10% of Total Salary Rs. 2000 The rent exemption is minimum of the above conditions Hence Rent Exemption in this case is Rs.2000