HRA

145 views 5 replies
i want to ask that can we claim deduction under section 80GG and exemption of HRA ? i want to ask that if HRA is received from 2 employer in same year than how to compute HRA ?
Replies (5)

for total 2 months it will be calculated as per actuals in parts so fy yearly allowance, divide it by actual month stayed

i want to ask that can we claim deduction under section 80GG and exemption of HRA ?

No,

Either HRA or deduction under section 80GG can claim, subject to provision of Income tax Act

i want to ask that if HRA is received from 2 employer in same year than how to compute HRA ?

for calculation of HRA (exemption),
HRA received in respect of the period during the rental accommodation is occupied by employee during the year

i am not able to understand

If you have received HRA from two employers, then it should be calculated on the basis of Period during which the rental accommodation is occupied by employee during the previous year

Calculation for HRA shall be done separately for 2 months and for 10 months, subject to section 10(13A)

HRA is exempt under section 10(13A)
the least of the following is exempt from tax
1. an amount of 50% (in case of house is situated at Bombay, Calcutta, Delhi and Madras) or 40% (in case of house is situated at other than Bombay, Calcutta, Delhi and Madras) of salary
2. HRA received by employee in respect of the period during which the rental accommodation is occupied.
3. the excess of rent paid over 10% of salary


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register