Difference in HRA calculation

Dear Mr Batra... I have been using your XL file for computation of Tax on salary for the last 1 year. But, during the tax audit, there found a difference in valuation of HRA exemption. Monthly exemption of HRA differ from the exemption valuated on annual basis. How such difference occurs....? Need your help

asked Jun 14 '12 at 19:38 by san_smith 1111

HRA exemption should be computed on monthly basis.

As house rent/basic salary may change in middle year, exemption should also be on monthly basis.

answered Jun 14 '12 at 23:29 by Pankaj Batra 5.2k320


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Asked: Jun 14 '12 at 19:38

Seen: 1,482 times

Last updated: Jun 14 '12 at 23:29