Mathematics · Aptitude and Accounting Taxation
Mr. A, a resident of Indore, receives Rs. 50,000 as basic salary during the previous year. He receives Rs. 5,000 as dearness allowance (forming part of basic salary) and Rs. 6,000 as house rent allowance (HRA). He pays an actual house rent of Rs. 4,500. Calculate the taxable amount of House Rent Allowance.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,800
- 2Rs. 3,200
- 3Rs. 1,200✓
- 4Rs. 5,000
Correct answer
Rs. 1,200
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