Hra calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2014
Dear sir,
Please guide how to calculate HRA in case of retired central govt. employee.What is the maximum limits for HRA for exemption in Income tax return
Please guide how to calculate HRA in case of retired central govt. employee.What is the maximum limits for HRA for exemption in Income tax return
Nikhil Kaushik
(Expert)
21 June 2014
retired officers only receive pension and no HRA. hence there is no exemption/deduction for rent paid component. you can only claim deduction under 80GG
deduction shall be least amount of the following :-
1) Rent paid minus 10 percent the adjusted total income.
2) Rs 2,000 per month.
3) 25 percent of the adjusted total income.
deduction shall be least amount of the following :-
1) Rent paid minus 10 percent the adjusted total income.
2) Rs 2,000 per month.
3) 25 percent of the adjusted total income.
Rupesh Jain
(Expert)
21 June 2014
you can claim hra u/s 80GG as mention by MR Nikhil
24 June 2014
yes aggred with nikhil............................
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