Hra


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2017 Under what circumstances HRA allowance in calculating income tax on salary is considered or not?

Anand (Expert)
01 August 2017 1. you should be receiving HRA. 2. you should be living on rent. 3. you should have documentaty evidence along with PAN of landlord where income paid exceeds Rs. 2 lacs 3. your hra exemption wjll be lower of 50 percent basic, rent paid over 10 percent of basix or actual hra whichrver is lower


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