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Chapter vi - deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2015 HRA KIS LIMIT TAK EXEMPT HAI FOR A.Y. 2015-16
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 June 2015 HRA Deduction is not under Chapter VIA

HRA exemption u/s 10(13A) is dependent on Four variable.

1) House rent allowance received
2) House rent paid
3) Salary
4) Location of the house.


HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:­

# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
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