Hra exemption

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anshuman singh (Querist)

26 December 2013 Respected sir/madam
in lieu of the new income tax rule of 2013 that it becomes mandatory for a person to disclose the PAN number of his/her landlord if he /she is claiming having actual rent paid in excess of 1,00,000 rupees.
I have a query in this regard-
If i claim a house rent paid of 8300 per month amounting to a total rent paid per annum of -99600
my basic -46100
my DA- 51863
my HRA-28813
First question is whether NPA will also be added to the DA as I am a doctor in a government hospital?
If not can any one provide me a link with the actual site of income tax from where I can take a print out of the order.
If I claim the above mentioned rent paid
then for exemption being asked under HRA from total salary would be calculated by which formula?
if by -actual rent paid - 10 % of (basic+DA) then by this formula in my case the amount comes out to be in negative ?
can there be such a case where the HRA exemption can be negative. please help me in my case.
I would like an answer to my query as early as possible.
thank you
Dr.Anshuman Singh
9540946870

Nikhil Kaushik

Nikhil Kaushik (Expert)

26 December 2013 1. You have not provided the details of HRA received. So not possible to give you exact details of HRA exemption

2. For the circular, please refer Page 25 of the link given

https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=CIR&schT=&csId=ebe64185-2729-4f28-b43a-2357654b8553&crn=&yr=2013&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

anshuman singh

anshuman singh (Querist)

26 December 2013 my mistake sir
my HRA is -28813 pm

Guest

Guest (Expert)

26 December 2013 SIR, NPA IS NOT COVERED UNDER DA.IT IS THE NATURE OF FULLY TAXABLE ALLOWANCE.
AND COMING TO YOUR NEXT QUESTION YOU CANT CLAIM ANT EXEMPTION OF HRA AS IT COMES RENT PAID - 10% OF SALARY A NEGATIVE FIGURE.
SO HRA IS FULLY TAXABLE IN YOUR CASE.

Nikhil Kaushik

Nikhil Kaushik (Expert)

26 December 2013 Rachit,

better provide him with a complete logic on all the three conditions.

Guest

Guest (Expert)

26 December 2013 FRIEND THE ABOVE BASIC SALARY & DA GIVEN ARE OF PER MONTH I GUESS..AS THEY MENTIONED 28813 PER MONTH THEIR HRA.SO CALCULATED ACCORDINGLY.

Guest

Guest (Expert)

26 December 2013 8300-10%(46100+51863)=-1496

CA Pallav Singhania

CA Pallav Singhania (Expert)

26 December 2013 For the purpose of calculating HRA..
we consider narrow salary i.e Basic + DA {forming part of retirement benefit} + Bonus + Commission on turnover..

1.HRA 28813

2.8300- 10 percent of 97963 {DA+ BASIC}
={1496}

3. 50 percent of HRA 28813.. i.e 14406

Nikhil Kaushik

Nikhil Kaushik (Expert)

07 January 2014 NPA is not covered under DA. it is covered under normal pay. refer Finance Ministry Office memorandum https://finmin.nic.in/6cpc/NPA_medical_6cpc.pdf

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