The purpose of writing a 30 days’ notice to vacate letter is to send a formal notice to the tenant by the landlord to vacate the rented property within a duration of 30 days. Landlords notice to vacate letter is written in order to give 30 days to the tenant in order to move out […]
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HRA (House Rent Allowance) FAQs
How to Calculate HRA Income Tax Exemption? According to section 10 (13A) of Income Tax Act, 1961 read with rule 2A of Income Tax Rules, least of following three is exempt from tax: 1. Actual HRA received 2. Rent paid in excess of 10% of salary (Basic + DA) 3. 40% of salary (50% if […]
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