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To calculate the exempt amount of House Rent Allowance (HRA) for Mr. X, we need to compare three amounts: Actual HRA Received: ₹60,000 Rent Paid minus 10% of Basic Salary: ₹75,000 - (10% of ₹3,00,000) = ₹75,000 - ₹30,000 = ₹45,000 50% of Basic Salary for Metro Cities: 50% of ₹3,00,000 = ₹1,50,000 The exempt HRA amount will be the minimum of these three calculations. So, in this case, the exempt HRA amount is ₹45,000. Taxable amount of HRA = 60,000-45000 = 15000
The largest general insurance company in the world by revenue is:
The first private health insurance company in India was:
A policy that covers the loss of baggage during travel is:
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
A motor insurance cover note is valid for how many days?
An endorsement added to an insurance policy, or clause within a policy, that provides additional coverage for risks other than those in a basis policy i...
Who is the chairman of 15th Finance Comission?
What is NOT a common express condition in an insurance policy?
Which is not a General Insurance company?
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
