HOUSE RENT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2010 EMPLOYER PAID RENT TO EMPLOYEE OTHER THAN SALARY. AND EMPLOYEE PAID HIS RENT TO OWNER. CAN WE CONSIDER THIS PAYMENT AS A PERQUISITES? AND CAN EMPLOYEE GET EXEMPTION U/S 10 HOUSE RENT ALLOWANCE AGAINST WHICH HE PAID RENT TO OWNER.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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03 August 2010 If the salary part having HRA component you can calculate HRA exemption otherwise you need to calculate as perquisite valuation

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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03 August 2010 Rent amount paid by employer to employee can be treated as HRA allowance.

Suppose, in addition to above the employee is also receiving a separate HRA component in his monthly salary then HRA can be treated as the sum of (HRA component with salary + Rent amount paid by employer to employee)

After this you can claim HRA benefit under section 10.

That's one way of doing it....

Otherwise you can treat Rent amount paid by employer to employee : as perquisite.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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03 August 2010 agreed,And also HRA Exemption is been decided by Calculation u/s 10 (13A). if no exemption then treat rent as perquisite.

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