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Hra for 2 form 16

Tax queries 349 views 1 replies

I have 2 employment during FY 2014-15. One from April-Dec and Second from Jan-Mar.

I have received 62935 as HRA with 127471 as Basic+DA from first company and paid 88200 rent in a metro location.

from second company I received 38502 as HRA and 96257 as Basic+DA, paid 24000 as rent in a non-metro location.

When I got form 16 separately HRA exemption under section 10 for first company is 62935 where in the form 16 from second company there is no such exemption.

According to my calculation my HRA exemption should be 89000 approx, when combined both the salary.

Please advise me how can I opt for actual HRA exemption that I entitled for during filling IT return.

Thanks and Regards,

Chandrakanta

Replies (1)

As per section 10(13A) HRA exemption from the first Employer would be Rs.62935 based on the info. you have given and from second employer HRA exemption would amount to Rs.14374. So total HRA exemption would amount to Rs.77309.


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