IF i am paying rent Rs 6000 and HRA is 6829 so do i need to inform my employer about rent paid because form 16 issued to me shows entire HRA taxable Rs6829 but if go to calculate according to Sec 10(13A)
HRA 6829
40% of basic 6829
Rent in excess of 10% of basic Rs 4427
so only Rs 1861 is taxable...
Should i make this adjustment in ITR 1??
CAclubindia
