Category: Allowance

Example of Leave Travel Allowance (LTA) Exemption Calculation

Example of Leave Travel Allowance (LTA) Exemption Calculation Example of Leave Travel Allowance (LTA) Exemption Calculation Example: Details of Mr. X for the Financial Year 2012-13 Annual Salary                                                              Rs. 6,00,000 Annual LTA                                                […]

House Rent Allowance (HRA) Exemption Calculation

House Rent Allowance (HRA) Exemption Calculation House Rent Allowance (HRA) Exemption Calculation What is HRA? House Rent Allowance basically means the compensation received along with Salary, by an employee from his employer towards Rent paid by the employee for his accommodation. When the salary received by an employee in excess of the basic exemption limit […]

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