Hra

147 views 6 replies
one my friend his Income Tax Computation gross salary - 472411, less -conveyance -16697 Less -HRA -16585 less -PT - 2500 Net Salary - - 436629 when I am file ITR, select type of house property let out, can I show HRA Amount in ITR.
Replies (6)

Your question is not clear

Gross Salary -         472411
Less : Conveyance- 16697
Less :HRA-             16585

Less : PT -              2000

Net Salary -            436629

 I am File ITR

show Income from salary -436629

 select Type Of House property -Let out

am I right

 

 

 

  1. You can file ITR1
  2. House property - Let out is selected only when you rent out a house to some one else. If you don't let out any house, no need to select that
  3. If you live in a rented house, you may claim exemption of HRA u/s 10(13A)
  4. Conveyance (transport allowance) is exempt from tax up to ₹1600 pm
  5. PT can also be claimed as deduction u/s 16(iii)

ok,

 he is live in a rented house.

I am show gross salary after deduction U/s 10

please above calculation is right or wrong

please suggest

 

 

 



 

 

Don't you have form 16? If you have, file as per form 16. If no, consider gross salary (what you have mentioned) and reduce deductions/exemptions (what I have mentioned above) and compute the tax

ok

thank's


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