Reg. hra
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 April 2012
Dear Sir,
I & my wife both are employe with pvt. ltd com. both are received HRA. we pay rent 8000/- p.m. & tuition fee of children 2000/-pm then in which hand HRA & tuition fee will be Exempted. please send me reply urgently
THANKS
RAMAN JHA
I & my wife both are employe with pvt. ltd com. both are received HRA. we pay rent 8000/- p.m. & tuition fee of children 2000/-pm then in which hand HRA & tuition fee will be Exempted. please send me reply urgently
THANKS
RAMAN JHA
10 April 2012
Any person can claim deduction. It depends on taxable income of u & ur wife. If ur taxable income is more than Rs. 10,000 of ur wife's taxable income then, it will be better if u can claim, else ur wife can claim the HRA exemption and tution fee deduction.
Message likes :
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10 April 2012
yes expert has given exact solution
calculate both tax and then decide in which take exemption of HRA 10(13A) & 80C (tuition Fees, Max. 2 Children)
but only one can get benefit of HRA
calculate both tax and then decide in which take exemption of HRA 10(13A) & 80C (tuition Fees, Max. 2 Children)
but only one can get benefit of HRA
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