Computation of taxable income

Need more clarification.

Are you residing in a rented flat? Are you receiving HRA?

Have you purchased a flat on home loan which is under-construction?

Receiving HRA of 5700per month which is included in gross salary mentioned above.

Residing in a flat which I purchased taking home loan. This is a resale flat.

In case you need more infor please let me know.

Thanks.

If you are residing in your own flat, how are you giving Rs.7000/- as monthly house rent?

Hello friend,

Initially I was staying with my parents - no rent. For two months, I rented a flat 3500X2=7000/-

Then I bought the same flat. For last fin year only 2EMI was given of which total interst paid is 17500.

Thanks.

I think your tax liability should have been around Rs. 25,000/-. You might be eligible to receive refund of Rs. 16,000/-

Wait for more replies.