HRA OR HOUSE RENT PAID
This query is : Resolved
raghavendra b
(Querist)
16 August 2021
DEAR SIR,
ONE OF MY CLIENT RECEIVED HRA 330000/-, AND HIS HOUSE RENT PAYING IS 198000/- . MY QUERY IS IF HE IS CLAIM HRA INCOME TAX WILL BE ZERO. OTHERWISE CLAIMING HOUSE RENT HE HAS PAY MORE THAN 141000/- INCOME TAX. AFTER TDS DEDUCTING RS 228551/-. SO I WANT AVOID SUCH HUGE TAX AMOUNT CAN I CLAIM HRA BECAUSE HE RECEIVED AS PER HIS PAY SLIP FOR THE PREVIOUS YEAR 2020-2021.
PLEASE SUGGEST ME IS THERE ANY PROBLEM WITH THAT NEED HELP
REGARDS
ONE OF MY CLIENT RECEIVED HRA 330000/-, AND HIS HOUSE RENT PAYING IS 198000/- . MY QUERY IS IF HE IS CLAIM HRA INCOME TAX WILL BE ZERO. OTHERWISE CLAIMING HOUSE RENT HE HAS PAY MORE THAN 141000/- INCOME TAX. AFTER TDS DEDUCTING RS 228551/-. SO I WANT AVOID SUCH HUGE TAX AMOUNT CAN I CLAIM HRA BECAUSE HE RECEIVED AS PER HIS PAY SLIP FOR THE PREVIOUS YEAR 2020-2021.
PLEASE SUGGEST ME IS THERE ANY PROBLEM WITH THAT NEED HELP
REGARDS
CA R SEETHARAMAN
(Expert)
16 August 2021
Use the link to calculate hra exemption.
https://www.iciciprulife.com/insurance-guide/financial-planning-tools-calculators/hra-exemption-calculator.html
https://www.iciciprulife.com/insurance-guide/financial-planning-tools-calculators/hra-exemption-calculator.html
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- GSTR9 Annual Return
- RCM and same line
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
