HRA

Please help me,

if someone getting Rs.20,733 as a HRA and he is providing me rent receipt of Rs.25,000 with rent agreement, so please let me know is it acceptable or not?

Replies (3)

Ya it is acceptable dear & take HRA deduction as minimum of 3 conditions given in section.

 

least of following three will be exempted

  1. Hra received
  2. 50% of salary in case of residential accommodation taken on rent is situated in Bombay ,Calcutta ,Delhi, or Madras (Chennai) and 40 % of salary in in any other case.
  3. rent paid in excess of 10 % of salary



Read more: HRA CALCULATOR (EXEMPTION -HOW TO CALCULATE) | SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE 

Originally posted by : Amod Ranjan

Please help me,

if someone getting Rs.20,733 as a HRA and he is providing me rent receipt of Rs.25,000 with rent agreement, so please let me know is it acceptable or not?

what is your role in this transaction?

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