As part of my salary, I can restructure it based on my desire under various heads like HRA/LTA/Medical etc..
As of today, I have amount allocated under HRA, and claim rent paid as HRA exemption under sec 10.
I want to understand - can I make HRA as zero and claim rent paid as "Rent Deduction" under Chapter VI.. Is there any benefit of doing so?
Don't know the rules.. but saw the sections hence wanted to know if any tax planning around it can help in saving tax..
CAclubindia
