House Rent Allowance

Tax queries 1153 views 13 replies

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.

Replies (13)

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)

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....

agree with all

yup 

m also agree with all....

agreed to all......

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

Yea Sure, You Can.

Yes.U will get it

Agree to this concept

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

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....

yah. you can dear........

agree with all

YA i too agree wid the same 

I Agree with Both

       Nidhi Mehta   &CS Ankur Srivastava


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