| Moving to Mumbai - Sub forum for those looking for advice to move to Mumbai |
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Dec 19th, 2007, 05:00
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#1 |
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Member
Join Date: Dec 2007
Location: Mumbai
Posts: 3
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Mumbai: Need help on HRA badly
I badly need advise on calculation of my HRA. Below are the components of my salary besides my PF and PT.
Please advise which components should I consider for the computation of HRA. BASIC HRA CONVEYANCE ALLOWANCE MOBILE ALLOWANCE GRADE ALLOWANCE SPECIAL ALLOWANCE LOCAL CONVEYANCE OTHER HARDSHIP ALLOWANCE Last edited by machadinha : Dec 19th, 2007 at 06:27. Reason: adjusted title |
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Dec 19th, 2007, 05:02
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#2 |
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Not Your Guru Member
Join Date: Jan 2005
Location: yörp
Posts: 10,561
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What exactly is an HRA? (Or a PF or PT for that matter?)
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Dec 19th, 2007, 05:03
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#3 |
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Member
Join Date: Dec 2007
Location: Mumbai
Posts: 3
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HRA is House rent allowance.
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Dec 19th, 2007, 05:11
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#4 |
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Not Your Guru Member
Join Date: Jan 2005
Location: yörp
Posts: 10,561
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Aha. Next question which might be helpful: What city? Mumbai?
In other words, maybe fill in some details to help others to help you. See also How to get the most out of the Itinerary section. , you can easily extrapolate this to your own specific field of enquiry. |
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Dec 19th, 2007, 05:21
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#5 |
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Member
Join Date: Dec 2007
Location: Mumbai
Posts: 3
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I Live in Mumbai and I rent a house.
I know about the 3 points for computing HRA. HRA is exempt to the extent of the least of the following: 1) The actual amount of HRA received. 2) 40% of salary (basic component + dearness allowance). This increases to 50% if you are renting out the house in Delhi, Mumbai, Chennai or Kolkata. 3) Rent paid minus 10% of Salary (basic component + dearness allowance) Since I have no dearness allowance as listed in my salary breakup and I live in Mumbai, I want to know that from the remaining components which should I consider for the computation of HRA. |
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Dec 19th, 2007, 07:25
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#6 |
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Loud-mouthed, Noisy Bird
Join Date: Oct 2004
Location: Chennai, India
Posts: 26,842
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I think you had better ask an auditor.
Do bear in mind that this is primarily a travel site. Whereas we have many resident Indian members who give lots of time and information and advice --- for nothing other than the pleasure of interacting with other members --- I think this sort of specific professional salary/tax advice is something you should be prepared to pay for.
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Dec 19th, 2007, 08:00
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#7 |
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(in charge of navel affairs)
Join Date: Sep 2005
Location: India
Posts: 10,105
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Not just resident members, the breakup looks like a Government salary scale, so if I am right, the OP needs a Public sector employee member too.
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