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Hra exemption calculation backtracking

Others 644 views 4 replies

Hi,

 I have received a notice under SECTION 142(1) for 2011-12 and the Income Tax Inspector asked to provide clarification on my HRA exemption. I don't remember how much rent I paid for 2011-12. Since I need to show how the I arrived at the HRA calcuation can anyone please telll me what would be the rent amount I paid. My pay details were as below:

Basic Salary p/m : 20696

Conveyance: 800

HRA: 8279

Deductions:-

Taxable Allow: 18258

PF: 2484

Prof tax: 200

Income tax 2097

Parking charge: 450

 

According to form 16 my Gross Salary was: 402424

HRA exemption: 63625

Conv exeption: 6256.

 

Please show me the calcuation on how much rent 1 paid.

 

Thanks,

Pj

Replies (4)

hi

 

Also share data of annual Basic Salary paid & Taxable HRA amount.

 

Thanks//VaibhavJ

I think,Rs.60558/-

But i will be able to calculate it more nearly if you provide your city of employment.

Regards,

S.R.Associates

9685565760

https://www.facebook.com/pages/SRAssociates/600829063295496

Thanks, can income tax office ask for 2 years prior rent receipt or rental aggrement from me. 

Yes,If you have received notice than it is possible.


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