Hra

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Vijay Kumar M (Querist)
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14 March 2013 This is Vijay Kumar M from Hyderabad. I am a salaried employee and do not have any other source of income. I do not have a form 16 from my employer yet, however I have the details of salary credited and TDS deducted by the Employer. On the ITR-1 form I have observed that maximum exemption for Rent calculated is 24,000, where as it should be more in my case.

Here are my salary details.

Basic Salary 20000

HRA 10000

Rent paid 8000 per month so what would be my rent exemption? I did not understand how & where to report it. I have seen a few blogs from experts suggesting to deduct rent exemption from income and report on ITR-1.

On ITR-1 form if I deduct my rent exemption from total income, should I mention the same amount in both the below mentioned fields or do they differ?

Income from Salary / Pension (Ensure to fill Sch TDS1)

Income chargeable under the head Salaries (4)*

Also if I deduct my rent exemption from total income, should I again mention rent paid against 80GG, will it not create duplication?

Please help me...

Thanks in advance,

Vijay M

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 March 2013 Vijay,

since you are salaried person and receive HRA, 80GG doesn't apply to your case.

according to information provided by you, your monthly HRA exemption should be around Rs 6000.

the same is not mentioned in ITR -1. the salary reported in the form is net of HRA exemption.

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Vijay Kumar M

Vijay Kumar M (Querist)
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14 March 2013 Nikhil, Thank you so much for your reply.. If I understand your reply correctly, I should fill the same amounts against both the below mentioned fields.
Income from Salary / Pension (Ensure to fill Sch TDS1)
Income chargeable under the head Salaries (4)*
My total income is 480000 and rent exemption is 72000 so I would enter 402000 in both above said fields & leave the 80 GG sectioned untouched. Am I correct here. Please suggest.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 March 2013 yes. please go ahead.

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