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House Rent Allowance

srikantaswamy (Accounts officer) (39 Points)

24 November 2010

I am working in a private company and getting HRA. I am staying in a Lodge on monthly basis. My questing is can I consider Lodge charges paid towards room rent as actual rent paid for HRA calculation.

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13 Replies

Nidhi Mehta (QUALIFIED CA) (21 Points)
Replied 24 November 2010

yes u can do so, submit the rent paid receipts to you employer, they will work out your hra exemption after considering the criteria laid for availing deduction under section 10(13 A)

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 24 November 2010

In case of House Rent Allowance least of the following would be exempt:-

a. an amount equal to 50 % of salary, where the residential house is situated at Bombay, Calcutta, Delhi or Madras and an amount equalt to 40% of salary where the residential house is situated at any other place;

b. Actual HRA; or

c. rent paid excess over 10% of salary.

In this way you can take the exemption, least of the above would be exempt and remaining portion of HRA would be taxable....

Sunshine (Helping All) (10575 Points)
Replied 25 November 2010

agree with all

(Guest)

yup

m also agree with all....

CA Mudit Agarwal PGDFM,MCP,IFR (Dy. Manager (Taxation)) (289 Points)
Replied 25 November 2010

agreed to all......

U can take exemption u/s 10(13A).

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
Replied 25 November 2010

Yea Sure, You Can.

Priyanka Nikhil Salian (ARTICLED ASSISTANT) (112 Points)
Replied 25 November 2010

Yes.U will get it

M .K. Jha (CA Final) (484 Points)
Replied 25 November 2010

Agree to this concept

SUNNY (CA Final & CS Professional) (327 Points)
Replied 25 November 2010

yes iam agree with nidhi mehta yu can take benefit of this

(Guest)

Originally posted by : CS Ankur Srivastava
	In case of House Rent Allowance least of the following would be exempt:- a. an amount equal to 50 % of salary, where the residential house is situated at Bombay, Calcutta, Delhi or Madras and an amount equalt to 40% of salary where the residential house is situated at any other place; b. Actual HRA; or c. rent paid excess over 10% of salary. In this way you can take the exemption, least of the above would be exempt and remaining portion of HRA would be taxable....