TDS paid by Salaried Employees

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BIJAY MITTAL (Querist)
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21 March 2008 The assessee is working in a private bank.The Salary certificate issued by the bank in form16 reflects that the company pays HRA and education Allowance to the assessee.The assessee lives in a rented house and have a child who is studying in playgroup school.Now the Company doesnot gave any exemption u/s10 in the salary certificate.The query is whether the assessee can claim the deduction of HRA and education allowance while computing his individual tax return.

CA. Amit Daga

CA. Amit Daga (Expert)
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21 March 2008 Why company is not providing talk to them..Wats reaons besides this.. They have to be..Because seperately they cant claim a exemption because this is a part of salary.. and at the time of final computation for salary income you have to take form 16 amount

CA J M Pattanayak

CA J M Pattanayak (Expert)
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25 March 2008 The assessee can claim HRA and Education allowance while computing his total income .

There is no hard and fast rule exists where you have to follow the figures in Form 16. Incase of mistake in Form 16, it can be rectified by the assessee while filing his individual return.

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