HRA-query

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CA Anand Kankariya (Querist)
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23 February 2011 Mr. X pays monthly rent of Rs. 1,00,000/- for accommodation and Rs. 40,000/- for use of furniture and fixtures. Lease agreement also mentions both payments separately. it clearly distinguishes both the payments.

now my question is what will be the amount of rent paid for calculation of HRA?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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23 February 2011 my opinion is, no specfic segregation given in provisions, but House meaning will include all the furniture and other fixtures. so, it can be taken as Rent inclusive of furniture rent Total Rs.1,40,000/- also the calculations restricts the 40% or 50% of salary

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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24 February 2011 Agreed with Mr. Ramesh. It can be termed as a monthly rent of Rs. 140000/- towards a furnished accommodation & hence this will be considered in HRA deduction calculation.

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