Calculate taxable H.R.A. from the following: (a) HRA received Rs. 1,000 p.m. (b) Rent paid for rented house is Rs. 1,500 p.m. (c) Salary Rs. 10,000 p.m. D.A. Rs. 500 p.m.
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Answer:
10600
Explanation:
Actual HRA received =12000
Rent paid 1500*12 =18000
10% of salary (10000*12+DA500)= 10600
lest/exampt lowest of above(1.2.3)
=10600
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