Hello Frnds,
My employer designate my HRA as only 15% of my basic.
but as per IT dept we can claim tax exemption for 40% of our BAsic salary in non-metro city.
so request you to please guide me.
can i claim rest 25% while filing my ITR .
Regards,
Kishor.
no you cannot claim hra greater than what is actually allowed to you
| Originally posted by : CA Pooja Agarwal | ||
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no you cannot claim hra greater than what is actually allowed to you |
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hello Pooja,
sorry to bother you,
i have interacted with many of my friends across different companies and they say, thier company give them HRA= 40% of thier basic salary.
my doubts:
1. why my company must not be giving 40% of basic as HRA
2.. ok if hra = 15% of basic that ok, but can i claim exemption for the remaining 25% of the basic. as actually i m entitled by IT dept to claim a max of 40%
3. have you come across any such case like me.
4. what makes me wonder is why company isn't passing the IT exemption benefit to its employees.
Regards,
Kishor.
CAclubindia
