25 February 2015
Greetings Experts.
i have a doubt kindly clear it.
Mr.V is a govt emp and gets salary of Rs 450,000/-
He is residing in allotted quarter. He is not getting any HRA. But in his f.16 there is perquisite value of Rs 70,000/- added to the aforesaid salary. Due to this his salary increased to 520,000/-(Tax liability also) for which he has fallen into slab-2 of i-tax.
Salary in the form of cash is 450,000/- which is in slab-1. By adding this perquisite value it has come under slab-2.
Now can he claim HRA u/ s 10 ???
-Thanks
25 February 2015
Value of perquisite is rightly added as part of salary in Form 16 since he is residing in Govt. allotted quarter. He is not eligible for HRA as he is not paying any rent and has been allotted accomodation by Govt.