Npa as part of salary
rajender
(Querist) 16 January 2014
This query is : Resolved
Is NPA ( non practicing allowance) part of salary for the purpose of HRA exemption for income tax calculation.
Dr J C Vashista
(Expert) 17 January 2014
It is an allowance and not Pay, but part of your income for taxation.
V R SHROFF
(Expert) 17 January 2014
axable, as IN - COMMING..INCOME.
Rajendra K Goyal
(Expert) 17 January 2014
Whether NPA is part of salary or not for calculation of HRA depends upon individual department service rules.
P. Venu
(Expert) 17 January 2014
The answer depends on whether NPA is taken into consideration for pensionary benefits, CPF etc.
Anirudh
(Expert) 17 January 2014
NPA ( non practicing allowance) is not to be taken into consideration for the purpose of working out HRA exemption for income tax calculation.
prabhakar singh
(Expert) 17 January 2014
Agree with Mr.Anirudh!
And even HRA would be taxable if you do not produce receipts of rent paid.