Employee claiming Home loan principle and interest
and also submitting Rental receipt
and also claiming HRA in salary
clarify for rule position.
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HRA salary
Replies (2)
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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