what is the maximum amount of house rent paid that can get tax exemption? Is there any documents/proofs to be submitted to avail the tax exemption?
Menu
Personal itr
Replies (4)
HRA allowance is based on Salary and other criterias under section 10(13A) read with Rule 2A
The calculation of HRA for tax benefit is considered from any of the following three listed provisions: The actual rent that is paid should be less than 10% of the basic salary. In case you're staying in a metro, 50% of the basic salary and 40% if you live in a a non-metro city.
The calculation of HRA for tax benefit is considered from any of the following three listed provisions: The actual rent that is paid should be less than 10% of the basic salary. In case you're staying in a metro, 50% of the basic salary and 40% if you live in a a non-metro city.
I stay in metro and I am self employed. i payy 12500/ month towards rent.
please guide me how much tax excemption i can avail. also inform what are the details/proofs to be submitted if any?
Self employed do not get any deduction towards rent.
HRA is only for salaried employees
HRA is only for salaried employees
claim deduction u/s 80GG
Recent Threads
- GST Export Refund
- Missed Deadline of Form 10AB. What Should be next
- Rural land near mining zone
- Partners rental income
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
Related Threads
CAclubindia
