Exemption for house rent paid

This query is : Resolved

Share Report Follow Query Ask a Query

kripal

kripal (Querist)
Follow

18 June 2013 Please guide for house rent exemption & what are the limit and conditions

thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

18 June 2013 In case you are receving HRA from your employer you can calculate the HRA exemption u/s.10(13A)

Limit is least of the below
Actual HRA received
50 percent of basic salary (for metro 10% for non metro cities)
Excess of rent paid over 10 percent of salary.

If you are not receiving any HRA from your employer or self employed you can claim Deduction u/s.80GG for rent paid by you

80GG limits

Least of the below

Rs.2500 per month
25% of total income
Actual rent paid less 10% of total income

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rampal Saini

Vijay Mishra

SUBHASH SAHA

Vinod Dharwarkar

R Prabhudoss

Subscribe Now

Exemption for house rent paid

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

CA Final

Accountant

Senior Executive

Manager- Finance and Compliance