Question

67). Nitesh, working in a factory at Kolkata
received during the previous year 2019-20
2,00,000 as basic salary and 50,000
as house rent allowance. Rent paid by him
for residence in Kolkata was 50,000.
Amount of house rent allowance taxable in
assessment year 2020-21 is
(A)
20,000
B) 30,000
(C) 50,000
(D) * 25,000

​

Answer 1

20000 taxable in assessment year

and

Actual HRA received =50000

50% of basic salary =100000

rent paid -10% of salary= 20000

now 50000-20000=30000 is exempt

and 20000 taxable