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.
CCI
Pro
CAclubindia
