Hra exemption

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S VENKATESH (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 March 2016 HRA exemption cannot be availed for those not receiving HRA.

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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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.

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S VENKATESH

S VENKATESH (Querist)
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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.

PRADEEP KUMAR VATS

PRADEEP KUMAR VATS (Expert)
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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

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S VENKATESH

S VENKATESH (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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