House rent assistance for the assessment year 2018 -2019

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Sekar Rangaswamy

34 Points Posted on 11 July 2018

Dear Sir,

My Son is employed in a Private Limited company and is a Income Tax Payer. His Gross Salaary is Rs 14 Lakhs per annum. In the form 16, given by the company for this ay 2018 - 2019,they have shown the Gross Salary, Conveyance and LTA. and not the HRA. But actually he is paying rent of Rs 12,000/ per month.

In the return to be filed by him, how he has to show this HRA, What is the amount he is eligible for.

2. He doesnt own any property nor his spouse.

Pl suggest.

Regards.

Replies (3)

Anjali P Nair

ACA ACMA

334 Points Posted on 11 July 2018

If he is receiving HRA then only he can claim exemption for the same. if his gross salary includes HRA then exemption under section 10(13A) is least of the following.

1.Actual HRA received

2.Rent paid-10% of salary(basic+DA forming part of salary)

3.50% of [basic salary + DA] for those living in metro cities (40% for non-metros);

aakash kamlani

student

24 Points Posted on 11 July 2018

can claim deduction under section 80GG. Lower of the following be allowed:
1. 5000/month
2. 25% of adjusted total income
3. actual rent - 10% of adjusted total income
provided assessed needs to file a declaration in form 10BA.