deducation for rent paid

This query is : Resolved

pkkapoor (Querist)
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13 November 2008 Till recently I was getting 30% HRA every month but from next month my employer has given an option for availaing Rs.15000 per month(Which more compared to HRA for salary drawn by me)as Incentive for housing facilities in lieu of HRA 30 per cent.

Please given your expert opinion

(i) HRA on per cent basis and Incentive for housing facities are same except for change in name and I will continue to get tax benefit under section 10(13A) of the Income tax Act.

(ii) If I will " not " get tax benefit under section 10(13A) of the Income tax Act then WHY.

(III)If I still i want to continue tax benefit even after recieving incentive for housng faciltiies of Rs.15,000 ---- what I will be required to do
Thanks in advance

Deepak Agrawal

Deepak Agrawal (Expert)
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14 November 2008 There is deduction of rent paid under Chapter VIA of income tax act regarding deductions....

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