Chaturvedi is employed in a company at Delhi. He was paid monthly house rent allowance of ₹15,000 during the previous year 2020-21. His Basic pay + DA (eligible for retirement benefits) for the year ended 31st March, 202
CS Executive · Tax Laws · PYQS · June 2021
Chaturvedi is employed in a company at Delhi. He was paid monthly house rent allowance of ₹15,000 during the previous year 2020-21. His Basic pay + DA (eligible for retirement benefits) for the year ended 31st March, 2021 is ₹12 lakhs. Chaturvedi paid ₹20,000 as rent per month for the accommodation occupied by him throughout the year. Compute the amount of HRA exempt from tax.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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