Hra and 80g
This query is : Resolved
01 January 2015
Dear friends, I am confused about this HRA and section 80G. Can anyone please explain both the concepts in detail? Also, please let me know if the exemption can be claimed under both the provisions.
01 January 2015
01. Both the benefits can be claimed in genuine cases 80G and HRA (Hope u r NOT talking of 80GG)
02. HRA is the sum/allowance, an employee gets from employer. lower of the following is exempt a. HRA received b. rent paid in excess of 10% of salary and c. 40 or 50 %, as the city may be, of salary
03. 80G is for donations made
02. HRA is the sum/allowance, an employee gets from employer. lower of the following is exempt a. HRA received b. rent paid in excess of 10% of salary and c. 40 or 50 %, as the city may be, of salary
03. 80G is for donations made
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