House rent paid by employer(bank)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 July 2013
My client is an bank employee in Mumbai.
He has been residing at a flat provided by
his employer.i.e.Bank.The bank has been deducting Rs.80,000/- towards rent for accomodation from his salary.Again Rs.7,50,337/ is added to his gross salary as value of perquisites u/s.17(2)
My question is can he claim HRA Deduction in this case.
He has been residing at a flat provided by
his employer.i.e.Bank.The bank has been deducting Rs.80,000/- towards rent for accomodation from his salary.Again Rs.7,50,337/ is added to his gross salary as value of perquisites u/s.17(2)
My question is can he claim HRA Deduction in this case.
CMA Ramesh Krishnan
(Expert)
17 July 2013
No.you cannot claim HRA, since staying rent free accommodation. while calculating the value of accommodation itself the deduction made by your employer for rent need to be adjusted
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