PDA

View Full Version : income tax exemption in HRA



snj202003
27-01-2017, 04:05 PM
There is provision in IT Act which allows deduction of house rent. one clause says Actual house rent paid by you minus 10% of your basic salary.
As presently HRA is not revised in 7th CPC and being paid as per old basic. please inform whether basic salary in this clause refers to pre-revised basic (on which HRA is paid) or revised basic (after 7th CPC)