Admissibility of HRA during Study Leave GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) New Delhi, dated 05.12.2017 No.E(P&A)II-2017/HRA-4 The General Manager(P), Eastern Railway, Kolkata Sub.:- Admissibility of House Rent Allowance during Study Leave. Ref:- Eastern Railway’s letter No.E.77/o/Vol.VIII, dated 06.03.2011. With reference to Eastern … [Read more...]
HRA Tax Exemption Calculator
HRA Tax Exemption Calculator HRA Tax Exemption Calculator is provided here to calculate the amount of HRA to be Exempted and Taxable HRA is declared as Tax Free income subject to the following conditions. The Income Tax Department has laid down the following conditions to calculate the amount of HRA to be exempted. [ See the conditions] How to calculate the amount of HRA to … [Read more...]
HRA Tax Exemption Calculation
HRA Tax Exemption Calculation House Rent Allowance is a Tax Free Income under Section 10(13A) of the Income-tax Act, subject to the following conditions. House rent allowance [Section 10(13A)] of the Income-tax Act As per section 10(13A), read with rule 2A of the Income-tax Act, the exemption in respect of HRA will be lower of the following amounts: (1) 50% of salary, when … [Read more...]
Additional HRA for Railway Employees in the states of NER, Andaman, Lakshadweep and Ladakh
Additional HRA for Railway Employees in the states of NER, Andaman, Lakshadweep and Ladakh GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) RBE No.165/2017 New Delhi, dated 08.11.2017 S.No.PC-VII/75 No.E(P&A)II-2017/HRA-9 The General Managers/CAOs, All Indian Railways & Production Units. Sub:-Implementation of the recommendations of 7th Central Pay … [Read more...]
House Rent Allowance Option-I would have been Beneficial than Existing Rates
House Rent Allowance Option-I would have been Beneficial than Existing Rates Allowance Committee had recommended 3 options for HRA in its Report. If Option-I was picked for implementation from these three Options, it would have been beneficial than existing Rates. House Rent Allowance (HRA) (Para 8.7.3-16) Existing Provisions: HRA is paid @30, 20 and 10 percent for X class … [Read more...]