06 February 2016
Sir, In one Pvt. Company, giving salary without segregation of Basic , DA, HRA ie at lumsum amount. Example suppose to X employee Rs 50000 per month salary and that X employee submitting Rent Receipt of 6000 per month. So my question is that wherther the company should deduct House rent for Rs 2000 per month for calculation of TDS on salary.
06 February 2016
Under SEC 80GG you can claim Maximum 24000/- Rent paid minus 10 percent the adjusted total income. 2) Rs 2,000 per month. 3) 25 percent of the adjusted total income.
CAclubindia
