H.R.A. Exemption Calculator of Income Tax
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January 4, 2012 at 5:36 pm #67074AnonymousGuest
House Rent Calculator.xls For all Tax payers to my some information about the House Rent Calculation from exemption U/s 10(13A), which can get the Income Tax benefits from Income Tax. Now this time is guess the actual Tax liability to all Govt Employees. It is observed that the most of W.B.Govt employees bi-pas the most of Section of Income Tax which can get the exemption, like as H.R.A. CALCULATION U/s 10(13A).
I have prepared a Excel Utility which can help to all tax payers who have live in Rented House and got the H.R.Allowances from the Employer. They can Get the benefits in Income Tax. As per the Income Tax Rules 1961 is admissible to get the benefits for exemption from excess house rent paid. The manners of Calculation of H.R.A. will be calculated as per the Income Tax Rules i.e. On the (Basic Pay + D.A) Annually received, H.R.A. Paid. For Metro City will be @ 50%, for Non Metro City @ 40% & 10% of excess payment of Actual Salary Drawn(BASIC + G.PAY + D.A.), which less. The H.R.A. Calculation will made automatically by this attachment Excel Utility. I hope this Utility can help to calculate the Actual H.R.A. Just put the required Data and prepare it automatically.January 4, 2012 at 5:58 pm #71105AnonymousGuest
Nice informations Mr. Banerjee. Whether it is mandatory to submit rent receipt of the rented house for the exemption? will have a look at the excel utility and try to post my feedback. Thanks.January 5, 2012 at 2:13 am #71110AnonymousGuest
O..fff, U unwanted meaning in this HRA Calculation, don’t post this type of reply, The HRA Exemption will be entitled to who is living in rented house, if you have already live in own house, you have to not get this HRA benefits from Income Tax U/s 10(13A). I have previously known to you, you are most efficient about any accounts and Excel also friend, But don’t post any reply like fool.January 5, 2012 at 3:55 am #71112AnonymousGuest
Please read my reply carefully Mr. Banerjee and post your comment. Sorry but I should not reply this topic I think.January 5, 2012 at 4:14 am #71106AnonymousGuest
My dear friends, please see the WBXPRESS Global Community Guidelines (1).January 5, 2012 at 1:13 pm #71108AnonymousGuest
I am sorry for my comments about the Mr. Som’s reply, I have not read properly the reply of Mr. Som, Yes Mr. Som if U get any HRA relief from Income Tax it is mandatory to submit the Rent Receipt which given by the Land Loard or House owner.January 5, 2012 at 2:53 pm #71116AnonymousGuest
Its O.K. Mr. Banerjee. Mistake is the part of life. As far as I know, You are a nice man, very helpful, sympathetic and being a senior I do have lotsa respects for you. Infact I silently learnt many things from your creations. So being a student of you, I always have the authority to ask any question and it may be foolish; after all we are the idiots here trying to help people as far as possible. I actually tried to encourage you because appreciations are very needful and it make us enthusiastic. So, let us make this site an wonderful place for the People of West Bengal. Do take care of yourself and your family.November 25, 2012 at 5:00 pm #74571AnonymousGuest
dear som, i am the newly appointed headmaster of a high school… now if any teacher of my school wants H.R.A. exemption, should i keep the house rent receipts either in original or in photocopy with the school records? pl reply.. thanks.November 25, 2012 at 5:40 pm #74572AnonymousGuest
Welcome to this forum Sri Roy. As far as I know its the responsibility of DDO to check all the documents related to incometax of the employees. Being satisfied with the documents, keeping copies of the same, Form 16 should be issued . So you may keep attested copies of the rent receipts. The originals should preserve by the incumbents for future enquiry if required.November 25, 2012 at 5:51 pm #74561AnonymousGuest
Yes, Som, your reply is correct, as per the income Tax Rules & u/s 10(13A). Now it is mandatory by the Income Tax Deptt , that whether the House rent is exceed 15,000/-P.M. the PAN No of House owner must be submitted or mention in the application of employee, who can apply the H.R.A. Exemption.November 28, 2012 at 5:47 pm #75683AnonymousGuest
thanks… Som & Pranab for your vital information.. i shall b grateful if u kindly let me know the latest order regarding minimum distance of working place for getting full HRA for both Govt. working couple. The max limit is Rs.6000 p.m. jointly if they live together… what if they live separately.. thanks..November 29, 2012 at 1:45 am #75685AnonymousGuest
Its presently 250 K.M. and likely to be 150 K.M. We are waiting for the latest Govt. Order. Click the link below for more information. HRA RulesNovember 29, 2012 at 3:00 am #75686AnonymousGuest
Som is correct. If the both employees not live together , the HRA also max Rs. 6000/- p.m (Both), as per W.B. latest notification. But the question is whether they are living another place ? and living a rented house, here is must submit the self declaration of each employee to their employer about the HRA, who will get the max limit of HRA within 6000/- p.m. But never exceed the Max Limit of HRA 6000/- p.m.
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