HRA exemption 10(13A)

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This discussion clarifies the calculation of House Rent Allowance (HRA) exemption under Section 10(13A) of the Income Tax Act. While HRA is received monthly, the exemption calculation is based on the actual rent paid for each month, meaning periods without rent payment will have zero exemption. The overall claim is made annually, but the underlying calculation considers monthly rent paid and received against specific rules involving salary and rent paid.

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10533 Points Posted on 28 March 2021

Effect will be same ....in case of fixed amount in receiving and paying....!!! 

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On 28 March 2021 at 10:37
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358 Points Posted on 28 March 2021
I will explain the scenario. HRA received for ever month and total is 240000 and rent paid for the month of April, may, January, February and March in between period rent was not paid because of covid 19, the main issue is if I calculate for yearly basis means one amount comes and monthly means different amount comes. Because rent not paid month HRA exemption is zero due to least rule on monthly basis. please explain
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On 28 March 2021 at 11:24

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