Mr. Amit employed in X Co Ltd, Salem received ₹ 10,000 per month as house rent allowance in the year 2016-17. His total salary is ₹ 4 lakhs consisting of Basic pay +DA. He paid rent of ₹ 8,000 per month. How much of HRA
CS Executive · Tax Laws and Practice · PYQS · December 2017
Mr. Amit employed in X Co Ltd, Salem received ₹ 10,000 per month as house rent allowance in the year 2016-17. His total salary is ₹ 4 lakhs consisting of Basic pay +DA. He paid rent of ₹ 8,000 per month. How much of HRA is exempt from tax ?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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