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Hra
am paying a rent of 144000 p.a,but my company giving 60000 as deduction,am producing PAN of my owner,can i claim balance amount as deuction in my ITR 1?
Replies (2)
In case of HRA, exemption would be least of the the following
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actual HRA Received rent paid in excess of 10% of Salary(salary includes basic+D.A+Fixed commission if any) 40%(in any other city)/50% salary (in Delhi/Kolkata/Mumbai/Chennai) You can calculate yourself and know whether your employer has done right or not?If any difference you can claim it through a new form 12BB
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You can calculate your HRA exemption at below link. Very easy to calculate. No need to do any manual calculation.
https://indiaitr.com/useful-calculators/hra-calculator/
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