Category: Salary

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                                                […]

Salary: House Rent Allowance (HRA)

House Rent Allowance (HRA)            House rent allowance is an allowance which is given by the employer to his employee for the accommodation expenses i.e. rent on residential house incurred by the employee. House rent allowance (HRA) is exempted under section 10(13A) to some extent, beyond that it is taxable under […]

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