Rent Paid over 10% of Basic Salary

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Vipul Acharya (Querist)
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22 June 2021 Whether for HRA calculation Rent Paid over 10% of Basic Salary to be calculated month wise or on aggregate basis, we have not paid salary in 2 months during last FY

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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22 June 2021 You may calculate month-wise in this case

Vipul Acharya

Vipul Acharya (Querist)
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22 June 2021 But I have calculated on aggregate basis and deposited tax accordingly, what's the solution now

Do I need to recalculate and pay again the differential amount

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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22 June 2021 You have mentioned that no salary has been paid for 2 months. If have already considered this fact while computing HRA exemption then not a problem.

Vipul Acharya

Vipul Acharya (Querist)
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22 June 2021 In this case i have taken rent for 12 months and HRA for 10 months

Do I need recalculate TDS again, kindly confirm

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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22 June 2021 No, as you have considered HRA (awa Basic) for only 10 months, this is fine I think.