Tax exemption on hra
This query is : Resolved
22 June 2016
My query is regarding the Tax exemption (Non Govt employee) in following case:
Suppose my basic salary: 30000
My HRA is @ 35% of Basic: 10500
And I am living in company provided accommodation and for that I am paying 2475 PM on account of Rent and perquisite value is also added by company during the calculation of my taxable income.
Query: My family (Wife & Parents) living in another house and for that I am paying rent @ 10000 Rs PM but company allowed me tax benefit only on 2475 so please advise can I avail additional tax benefit on account my family rental amount separately during filling of income tax return through self assessment.
Suppose my basic salary: 30000
My HRA is @ 35% of Basic: 10500
And I am living in company provided accommodation and for that I am paying 2475 PM on account of Rent and perquisite value is also added by company during the calculation of my taxable income.
Query: My family (Wife & Parents) living in another house and for that I am paying rent @ 10000 Rs PM but company allowed me tax benefit only on 2475 so please advise can I avail additional tax benefit on account my family rental amount separately during filling of income tax return through self assessment.
Rupesh Jain
(Expert)
22 June 2016
You can claim the deduction if your family not residing with you.
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