Rent paid to land lord for the year 2012-13
This query is : Resolved
Guest
Guest
(Querist)
14 March 2015
Mr a is the paying rent to landloard rs
200000/- for year 2012-2013 in delhi
my question is hw much benefit for income
tax purpose he gets from this
200000/- for year 2012-2013 in delhi
my question is hw much benefit for income
tax purpose he gets from this
CMA Ramesh Krishnan
(Expert)
15 March 2015
if you are in employment and receiving HRA then you can calculate the HRA exemption u/s.10(13A) which is subject to minimum of
1. Actual HRA
2.Excess of rent paid over 10% of basic salary plus DA
2. 40% of Salary plus DA (if metro city 50%)
if you are not employed and employed but there is no HRA component in your salary then you can calculate the deduction u/s.80GG
1. Actual HRA
2.Excess of rent paid over 10% of basic salary plus DA
2. 40% of Salary plus DA (if metro city 50%)
if you are not employed and employed but there is no HRA component in your salary then you can calculate the deduction u/s.80GG
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