HRA
This query is : Resolved
diwakar mittal
(Querist)
04 May 2011
I am provided accomdation facility at concessional rate by my employer can i claim duduction of HRA.
04 May 2011
since you live in a accommodation at concessional rate by your employer, you can not claim HRA benefit simultaneously..
The concession is a taxable perquisite.
The concession is a taxable perquisite.
CA. Shushil Kumar
(Expert)
04 May 2011
Does your employer provide you accommodation facility at concessional rate?
If yes then you can claim HRA(Subject to maximum limit).In this case what you pay to employer will be the deemed as rent.
Accommodation facility at concessional rate is a perquisite & HRA is an allowance, they are not relating to each other.
Also perquisites would be added to your income and would be taxable, while HRA exemption can be claimed upto the defined limit.
If yes then you can claim HRA(Subject to maximum limit).In this case what you pay to employer will be the deemed as rent.
Accommodation facility at concessional rate is a perquisite & HRA is an allowance, they are not relating to each other.
Also perquisites would be added to your income and would be taxable, while HRA exemption can be claimed upto the defined limit.
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