Question

For calculation of House Rent Allowance under Section

Q: Answer-For calculation of House Rent Allowance under Section 10(13A), the salary is to be considered the fo...

Conveyance Allowance is not directly related to HRA calculations. The key components for HRA calculation are the basic salary and any dearness allowance that is considered part of retirement benefits.

10(13A), the salary is to be considered the following, EXCEPT:

A Commission based on a fixed percentage of turnover achieved by an employee as per the terms of the contract of employment

B Basic Salary

C Conveyance Allowance

D Dearness Allowance (DA) (if it forms a part of the retirement benefits)

Practice Next

More Accounts Questions

If a series is already sorted, which sorting technique will finish in the least time?
Which of the following is NOT part of CIA triad?
Which type of polymorphism in Java is achieved through method overloading?
Which is best fit for blank space 17?
Which type of fragmentation is primarily addressed by paging, and which type does paging typically introduce?
Consider the following statement regarding Kelvin Double Bridge.

Statement (1): It is used for measuring resistance in the range of few ohms to s...
What is the primary purpose of the Banker's Algorithm in operating systems?
Which is computer object code?
Which statement is FALSE regarding Programmable Logic Controller?
What is the best case time complexity of merge sort?

For calculation of House Rent Allowance under Section

Solution