HRA in ITR 2 FY 2024-25
This query is : Resolved
22 August 2025
Sir,
Please go through my below query :
I have received HRA Rs. 70800/- PA. my Basic Salary Rs. 241320 i am leaving in non metro city with Rental house, I have paid Rs. 78000/- during the financial year 2024-25
shall i eligible for claim the HRA more than i have received in salary i.e Rs. 70800/- but rent paid Rs. 78000/-.
I requested to you kindly guide me for above query
Thanks & Regards
Sanjay
Please go through my below query :
I have received HRA Rs. 70800/- PA. my Basic Salary Rs. 241320 i am leaving in non metro city with Rental house, I have paid Rs. 78000/- during the financial year 2024-25
shall i eligible for claim the HRA more than i have received in salary i.e Rs. 70800/- but rent paid Rs. 78000/-.
I requested to you kindly guide me for above query
Thanks & Regards
Sanjay
22 August 2025
No, you cannot claim HRA exemption greater than the HRA received from your employer.
Even though your rent paid is more than HRA received, your exemption is restricted to the lowest of the below three values.
Under the old tax regime, the HRA exemption is the least of the following three amounts:
1. Actual HRA received: ₹70,800 per year
2. 40 perc. of Basic Salary (since you are in a non-metro city):
40% of ₹2,41,320 i.e ₹96,528 per year
3 Actual Rent Paid minus 10% of Basic Salary:
Rent paid: ₹78,000
10% of Basic Salary: which is ₹24,132
Excess rent paid = ₹53,868
That means the maximum exemption you can claim is ₹53,868,
Even though your rent paid is more than HRA received, your exemption is restricted to the lowest of the below three values.
Under the old tax regime, the HRA exemption is the least of the following three amounts:
1. Actual HRA received: ₹70,800 per year
2. 40 perc. of Basic Salary (since you are in a non-metro city):
40% of ₹2,41,320 i.e ₹96,528 per year
3 Actual Rent Paid minus 10% of Basic Salary:
Rent paid: ₹78,000
10% of Basic Salary: which is ₹24,132
Excess rent paid = ₹53,868
That means the maximum exemption you can claim is ₹53,868,
23 August 2025
You are welcome.
22 September 2025
Good luck..
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
