House rent

This query is : Resolved

bhavesh (Querist)
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11 June 2015 Dear
How much rent i can consider without pan no details for fy. 14-15
my basic +da is 672000 pa
HRa is 61000
pl advise...

Amol S Joglekar

Amol S Joglekar (Expert)
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11 June 2015 rent paid in excess of 10% salary i.e. 67200 would qualify for exemption....

the exemption would be lower of
a) rent paid-67200
b) 61000
c) 40% or 50% depending upon the city in which you live....

bhavesh

bhavesh (Querist)
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11 June 2015 Dear sir
thank you for prompt rply
i live in non metro city
and pl. inform that i have not given pan no & aggrements so how much value i will excempts.

Rupesh Jain

Rupesh Jain (Expert)
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11 June 2015 in C 40% of the basis salary

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