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?
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HRA
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
- Hra received
- 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.
- 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 | ||
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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? |
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what is your role in this transaction?
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