Hra

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Kapil Sinha

assistant

36 Points Posted on 17 December 2016

Invited for clearification of HRA please . income tax )

1) Meening of "Actual rent paid less 10% of salary " i.e.If one one can receive 48000/- annual HRA and paid 36000/- or 60000/- .as a rent. What is the deduction can be claim .

2. Rules 50% in metro and 40% in non metro.. Whether 40% HRA can be claim in small cities as Ludhiana,Ambala, Amritsar, Jodhpur,Agra etc.

3. Whether one can claim income tax deduction of total rent paid less than 40% of the salery

Replies (4)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 18 December 2016

1. If total salary is say, 3 lakhs PA. 10% of salary will be 30K.

So, "Actual rent paid less 10% of salary " will be 36k-30k = 6K in first instance, & 60k-30k = 30K in second case.

2. Yes, 40% of salary is max limit for these cities.

3. Yes, lower deduction than actual available, can be claimed.

Mukesh Kumar

Accounts Manager

1292 Points Posted on 18 December 2016

RAMBJIA JI IS RIGHT ,,,,,,,,,,,,,,,,,,,,,,,,,,,BUT KINLDY NOTE,,,,,,,,,,,,,,,,,,,,,, 1. YOU SHOULD CALCULATE HRA AGAINST B.S. , IF YOU GROOS SALARY IS DIFFERENCE FROM B.S…………….. 2. HRA = ACTUAL PAID HRA -10% B.S. …………………BUT LIMIT IS FOR METRO CITY 50% AND OTHER CITY 40% OF B.S. …………….GOOD LUCK!