Reg: hra exemption

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2017 Hi, I would like to present a situation of a salaried person: A Person has joined a company in 2nd Quarter of FY-16-17 and submitted the investment proof for the entire FY-16-17 ( Rent Paid Actuals and Medical Reiumbersement), unfortunately Company has considered the proofs of post joinging date. hence the Income Tax has been deducted is quite high. can the Person recalculate HRA and Medical While filing the ITR and claim the refund is it allowed. Note: Person has paid for the 1st quarter ( Actual Rent) from his past savings. Please advise.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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11 July 2017 Yes you can recalculate your HRA & medical.

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2017 Hi Rashmi, Tahnks for the advise. how ever while filing the ITR the Rebate u/s 87A is not getting calculating though the Induvidual income is less than 5Lakhs, what could be the error. Note: Rebate U/s87a is getting calculating in form-16 but not calculating while filing the ITR. request your advise

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 July 2017 Try again, it will self calculated.

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2017 Hi Rashmi, Thanks it's done.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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31 July 2017 Welcome...............

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