Dear all, Does anyone have the notification about pay the 50% HRA allowed in Maharashtra major/Metropolitan city.
From India, Mumbai
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From India, Mumbai
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The maximum percentage of HRA is defined in the Income Tax Act, and a geographical map of urban, semi-urban, and rural areas is available with the local CA who can provide better guidance in connection with specific percentiles based on the employee's residence PIN code.
Normally, employers do not exceed the maximum ceiling limit, as renting for over 1 lakh per annum requires rent agreements and rental payment receipts to assess the applicable TDS. In the absence of proper documentation, the entire HRA is subject to TDS.
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725Normally, employers do not exceed the maximum ceiling limit, as renting for over 1 lakh per annum requires rent agreements and rental payment receipts to assess the applicable TDS. In the absence of proper documentation, the entire HRA is subject to TDS.
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Ordinance of Maharashtra Govt for HRA Payment by Cheque or Bank Credit.pdf
Minimum Wages in Maharashtra for the period January 2018 to June 2018.xls