Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Hra exemption

1112 views 4 replies

CA Abhishek keshari

A.K. Keshari & Associates

106 Points Posted on 27 December 2013

Dear Friends,

COMPANY PROVIDE HRA Exemption in Form-16

since i am not provide any document regarding rent to company.

Annual Rent Paid - 10% Of Basic+DA 28,810.00

Annual HRA Received 39,960.00

40% Of Annual Basic+DA 44,600.00

(Least among above three qualifies amount 28810 for deduction u/s 10(13A) from taxable income)

but in My Calculation

Rent paid -10% of Basic+ DA	60000	11150	48850
40% of basic			44600
HRA recived			39960
Whichever is lower	exempt	39960

can i am claim fully 39960 amount of Recieved -

Replies (4)

@VaibhavJ

Believe!! Live your dreams!

33521 Points Posted on 27 December 2013

If you have not given any proofs/documents to company on which basis they have granted exemption.

Thanks//VaibhavJ

CA Abhishek keshari

A.K. Keshari & Associates

106 Points Posted on 28 December 2013

thanks,

if i am provided rent agreement to company when my rental is shorter than next month, reason house change but but my actual rent is double . i want fully exemption in recieved amount in this case. can i claim?

@VaibhavJ

Believe!! Live your dreams!

33521 Points Posted on 28 December 2013

Hi Abhishek,

Yes any time you can claim HRA while filing of your ITR even if sam is short / not allowed by your employer. But in this case you will be claiming refund of TDS deducted so chances of getting IT scrutiny will be high.

Thanks//VaibhavJ