Mr. Ramlal is entitled to a basic salary of Rs. 50,000 p.m. & D.A. of Rs. 10,000 p.m. 40% of which forms part of retirement benefits. He is also entitled to HRA of Rs. 20,000 p.m. He actually pays Rs. 20,000 p.m. as rent for a house in Delhi. Compute the taxable HRA.
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1 week, 3 days ago