Dear Experts, I have one query about HRA exemption,
Our company provides free accommodation to the employees, if possible to exempt HRA from their salary structure.
Let me know it's right or wrong sir.
From India, Salem
1Our company provides free accommodation to the employees, if possible to exempt HRA from their salary structure.
Let me know it's right or wrong sir.
From India, Salem
sorry for the mistake , HRA exemption from their salary structure it is possible or not. Regards S.Praveen
From India, Salem
From India, Salem
When the company is providing free accommodation there is no question of payment of HRA.
From India, Mumbai
From India, Mumbai
When you have provided rent free accommodation to your employees, there is no allowance called House Rent Allowance in the salary structure and the question of its exclusion does not arise but the rental value of the same is a taxable income in the hands of the employees by way of perquisites. Obviously, the rental value of accommodation provided can be included in the Cost to Company.
From India, Kannur
From India, Kannur
I will add : HRA is a component of the structure of the salary. There is no law saying HRA has to be paid (except Maharashtra which says HRA of 5% is compulsory). So whether you give HRA or not is actually a strategic decision you do.
In case you are providing free housing, there is no question of HRA
many companies do have the option. You can opt for HRA or free housing.
From India, Mumbai
In case you are providing free housing, there is no question of HRA
many companies do have the option. You can opt for HRA or free housing.
From India, Mumbai
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