Hra exemption
This query is : Resolved
23 March 2016
I am earning salary in lumpsum amont. Which means no basic & HRA. In such a case whether can I get HRA exemption. If so how I can claim HRA deduction while computation. Please advice
23 March 2016
HRA exemption cannot be availed for those not receiving HRA.
Message likes :
1 times
23 March 2016
yes agree to sir, the person who received HRA in salary part can only get exemption u/s 10(13A) for you, you can take deduction u/s 80GG which is deduction for rent paid which is based on calculation. so calculate and get relief.
Message likes :
1 times
23 March 2016
Thanks sir,. Thats what I am asking for. I know the calculation for HRA RECEIVED. But for those who are not receiving HRA, they can get relief based on calculation u/s 80GG. So, what is the calculation, which I do not know and I want to know. Please help. I do not want 1 word reply. Since I am in confusion so I enquired you. Please give a suitable answer.
23 March 2016
As required, following are the reply:-
Income 400000
Rent for the year 48000(4000*12)
Deduction allowable :
a) 2000pm i.e 24,000 (Limit has been increase to 5000pm applicable from 01.04.2017)
b) Rent paid minus 10% of total income (48000-10%*400000) 8000
c) 25%*total income (25%*400000)= 100000
Lower of the above Rs.8000 allowable under seciton 80GG.
Regards
Pradeep
Income 400000
Rent for the year 48000(4000*12)
Deduction allowable :
a) 2000pm i.e 24,000 (Limit has been increase to 5000pm applicable from 01.04.2017)
b) Rent paid minus 10% of total income (48000-10%*400000) 8000
c) 25%*total income (25%*400000)= 100000
Lower of the above Rs.8000 allowable under seciton 80GG.
Regards
Pradeep
Message likes :
1 times
23 March 2016
Thanks for the detailed illustration. Every body is arguing that I cannot get any relief because I am not receiving HRA. Now I got a clear picture.
23 March 2016
Venkatesh Ji
If your query was
! am a salaried employee with a consolidated pay and paying rent for my accommodation. Will I benefited under income tax act for the rent paid.
My answer would have been as given by Pradeep Kumar Ji.
If your query was
! am a salaried employee with a consolidated pay and paying rent for my accommodation. Will I benefited under income tax act for the rent paid.
My answer would have been as given by Pradeep Kumar Ji.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
