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
When did Indian became the member of International Energy Agency?
In 2016, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?
Hornbill Festival is celebrated in which State?
Which of the following is / are the example (s) of Transfer Payment(s)?
1. Unemployment Allowance
2. Payment of salary
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Which regulatory body supervises co-operative banks in India?
Where are the headquarters of the Indian Space Research Organisation?
Which of the following best describes the term ‘import cover’, sometimes seen in the news?
Consider the following statements regarding National Gokul Mission:
I. It is being implemented for the development and conservation of indigenous...
A cheque which has been written by the maker and dated at some point in the past is known as—
The Pre-Budget Economic Survey is authored by a team led by _________________.
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