Dear sir let your basic pay is around 31200 in the month of march 2015 and increment in the month of August 2015 and HRA is 10%. and you pay a rent of around 8300 per month
then your total basic pay will comes to 396000 and Total DA comes to 126204 totalling of the the is (Basic+DA) 522204 and take 10% of 522204 which is 52220 and Total rent paid is 99600 per year now subtract 52220 from 99600 which will give you 47380 now 1. Actual hra received is 38000 2. Rent paid in excess of 10% of Salary(Basic + DA) 47380 3. 40% of salary (Basic + DA) 208882 now minimum of the above 3 is actual HRA received. it will deduct (if you enter rent as 7750 per month then you will get the maximum hra deduction, if you enter belwo 4400 you will not get any hra deduction benefit) with regards venkatesh On Friday, 4 March 2016 13:07:56 UTC+5:30, valerian dias wrote: > > dear Venkatesh sir , > i need clarification about HRA deduction . from a source i found that > > ------------ As long as the rented house is not owned by the assessee, > the exemption of HRA will be available up to the the minimum of the > following three options: > > 1. Actual house rent allowance received from your employer > 2. Actual house rent paid by you minus 10% of your basic salary > 3. 50% of your basic salary if you live in a metro or 40% of your > basic salary if you live in a non-metro > > But in your IT calucating software my HRA is not deducted, i live in > rented house . > > On Fri, Mar 4, 2016 at 10:55 AM, Venkatesh Hulikal <[email protected] > <javascript:>> wrote: > >> Dear sathnayanarayan sir, >> >> I have seen your income tax calculation software. >> >> there are some errors. >> 1. You are directly deducting HRA without applying income tax rule >> 2. Medical allowance should not be deducted at source (only medical >> reimbursment maximum of 15,000 should be deducted and rest to be added to >> gross) >> 3. Education loan should be deducted under 80EE and not under 80E >> 4. Medical treatment should be deducted only if it is reimbursed to a >> maximum of 15,000 (entire reimbursement amount treated as income) >> 5. Form 16 Part A should be downloaded from the web site income tax web >> site (TRACES) http://contents.tdscpc.gov.in/ >> and Part B from Drawing officer >> >> Please verify the same with the dsert web site >> http://dsert.kar.nic.in/misc/IncomeTaxForm060216.zip >> >> >> with regards >> >> >> H.V.Venkatesh >> Programmer >> DSERT >> #4, 100 feet ring road, Hosakerehalli >> BSK 3rd stage, Bangalore 85. >> ph:26422373-375 ext 202 >> >> >> Disclimer : Computer virus may transmitted throuh this email. Kindly >> check >> before open the email. I am not responsible for any inconvenience in any >> manner. >> >> -- >> 1. If a teacher wants to join STF, visit >> http://karnatakaeducation.org.in/KOER/en/index.php/Become_a_STF_groups_member >> 2. For STF training, visit KOER - >> http://karnatakaeducation.org.in/KOER/en/index.php >> 4. For Ubuntu 14.04 installation, visit >> http://karnatakaeducation.org.in/KOER/en/index.php/Kalpavriksha >> 4. For doubts on Ubuntu, public software, visit >> http://karnatakaeducation.org.in/KOER/en/index.php/Frequently_Asked_Questions >> 5. Are you using pirated software? Use Sarvajanika Tantramsha, see >> http://karnatakaeducation.org.in/KOER/en/index.php/Why_public_software >> ಸಾರ್ವಜನಿಕ ಇಲಾಖೆಗೆ ಸಾರ್ವಜನಿಕ ತಂತ್ರಾಂಶ >> --- >> You received this message because you are subscribed to the Google Groups >> "Maths & Science STF" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected] <javascript:>. >> To post to this group, send email to [email protected] >> <javascript:>. >> Visit this group at https://groups.google.com/group/mathssciencestf. >> For more options, visit https://groups.google.com/d/optout. >> > > -- 1. If a teacher wants to join STF, visit http://karnatakaeducation.org.in/KOER/en/index.php/Become_a_STF_groups_member 2. For STF training, visit KOER - http://karnatakaeducation.org.in/KOER/en/index.php 4. For Ubuntu 14.04 installation, visit http://karnatakaeducation.org.in/KOER/en/index.php/Kalpavriksha 4. For doubts on Ubuntu, public software, visit http://karnatakaeducation.org.in/KOER/en/index.php/Frequently_Asked_Questions 5. Are you using pirated software? Use Sarvajanika Tantramsha, see http://karnatakaeducation.org.in/KOER/en/index.php/Why_public_software ಸಾರ್ವಜನಿಕ ಇಲಾಖೆಗೆ ಸಾರ್ವಜನಿಕ ತಂತ್ರಾಂಶ --- You received this message because you are subscribed to the Google Groups "Maths & Science STF" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send an email to [email protected]. Visit this group at https://groups.google.com/group/mathssciencestf. For more options, visit https://groups.google.com/d/optout.
