HRA salary

   Employee claiming  Home loan principle and interest

   and also submitting  Rental receipt

  and also claiming HRA in salary

  clarify for rule position.

Replies (2)
Quick Summary
This discussion clarifies the rules around claiming House Rent Allowance (HRA) in your salary. It explains that a rental receipt is compulsory if you wish to claim HRA exemption. The post also details how home loan principal and interest payments can be claimed under Section 80C, impacting your taxable income calculation.

Rental receipt is compulsory in case availing exemption

 

gross pay= basic+hra+allowance+special allowance.

taxable income= gross pay - (pf+pt+esi)- standard dections 80c (loan falls here) 

tax laibility on salary= slab rates total on taxable income-rebat+tds

 

 

 

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