Hra exemption

ITR 1062 views 4 replies

CA Abhishek keshari

A.K. Keshari & Associates

106 Points Joined June 2010

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 Joined November 2008

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 Joined June 2010

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 Joined November 2008

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