Housing rent
(Guest)
in a paid rent of rs 170000/- to b
how much rebate he will in this paid rent as per
us 10(13A)
5 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 20 March 2015
this much info is not enough to compute exemption. refer HRA calculator and compute yourself giving all details using the below link:
https://www.taxspanner.com/calculators/hra-calculator/
sesha
(accounts executive)
(1101 Points)
Replied 20 March 2015
The exemption in respect of HRA is based upon the following factors:
(1) Basic Salary
(2) Place of Residence
(3) Rent paid
(4) HRA received
Since there is a possibility of change in any of the above factors during the previous year, exemption for HRA
should not always be calculated on annual basis. As long as there is no change in any of the above factors it can
be calculated together for that period. Whenever there is a change in any of the above factors, it should be
separately calculated till the next change.
Rajiv
(Senior Accounts Officer)
(1548 Points)
Replied 21 March 2015
But u can not show rent 170000 .as per government rule u can not show rent more then 1 lakh.wait for other experts reply
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 21 March 2015
One can show rent of more than 1 lac but he needs to provide PAN of landlord for this.
About the HRA calculation, you can visit
https://financeandtaxhub.blogspot.in/search/label/HRA%20%28House%20Rent%20Allowance%29
VIMAL DEVRANI
(ACCOUNT OFFICER)
(126 Points)
Replied 21 March 2015
pan is mandatory if rent piad more than 1lacs in one financial year
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