HRA & Accomodation provided to epmloyees
This query is : Resolved
04 January 2008
When accomodation is provided by the employer and the same is charged to the employee, How the HRA will be treated?
And can the accomodation charges be shown as rent paid for exemption u/s 10(13A)?
And can the accomodation charges be shown as rent paid for exemption u/s 10(13A)?
04 January 2008
When accomodation provided by an employer and same is charged to the employee than also HRA exemption will be available as per limits under section 10 (13A). Rent paid to emplyer will be treated as Rent paid for exemption u/s 10(13 A)
04 January 2008
Hi Purvi,
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
04 January 2008
Hi Purvi,
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
There is a difference between an allowance and an accommodation. If a company pays you a fixed sum of money towards HRA, exemption on the same may be claimed u/s 10(13A).
If a company provides you accommodation, the same shall be treated as a perquisite, valuation on the same shall be done under Rule 3(1).
Rgds/
Vineet
04 January 2008
Hi Purvi,
In my opinion HRA is totally taxable and accomodation provided by employer is taxable @ 15% or 20% of salary less rent paid to employer.
Regards,
Sandeep
In my opinion HRA is totally taxable and accomodation provided by employer is taxable @ 15% or 20% of salary less rent paid to employer.
Regards,
Sandeep
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