Please advise me how I can handle the below situation.
Me and my wife together pay rent of 75k in Mumbai. In past years, I claimed entire 75k HRA benefit and my wife claimed nothing, as my salary allowed me to claim higher HRA.
For FY 2024-25, due to a mis-communication between us, I have claimed 75k with my employer as usual. But my wife also claimed 37.5k (half of 75k) with her employer. Now we want to correct this before filing our returns.
So can I reduce my HRA claim to 37.5k in my FY 2024-25 ITR (old regime), even though my Form 16 shows HRA based on 75k? I am ok to pay the extra tax. But will this cause any issue or chances of IT scrutiny, due to mismatch between Form 16 and my ITR?
Thanks in advance.