Hra

Roshan A (Chartered Accountant) (458 Points)

23 July 2012  

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??