Query about claiming HRA Exemption through IT Returns

Tax queries 5879 views 6 replies

Lestav

Manager

33 Points Joined July 2011

I work for a firm which generally collects all Tax/investment related proofs in the month of december. I was out of the country at the time and couldnt submit any of my documents related to LIC polices, medical policies or HRA (Rent reciepts, since i stay in a rented accomodation and i have opted for HRA in my salary component).

As a result there was a hefty bit of tax deducted and i now want to claim the amount invest/rent paid (for HRA exemption claim). The ITR1 Sahaj is very clear with claiming medical/LIC insurance, what i'm confused about is how do i show the HRA amount that is to be exempted? My form 16, because I hadn't claimed the HRA exemption, by showing rent receipts, doesnt cater for the HRA exempt amount.

Appreciate directions about how to claim this amount when filing returns. Specifically, which section/field in the ITR form will i show the HRA amount to be exempted.

Thanks in advance

Replies (6)

U S Sharma

glidor@gmail.com

21068 Points Joined January 2010

ask your employer to revise the form 16, showing excess TDS

submit the documents to employer, and request him

valji

Accounts manager-MBA

2150 Points Joined July 2008

agree with above ask to empolyer to revise form 16 show excess tds deducted show you can get refund from income tax

Lestav

Manager

33 Points Joined July 2011

Thanks for this. However the company is'nt willing to rectify the Form 16 now. With an employee base of 50000 in India, they have an extremely highly automated process for issuing of Form 16s. I know for a fact that i can claim the HRA when filing returns, the hitch is how to represent this in the ITR form. I have the receipts, with all the appropriate details etc, so this isnt even a scam plus i have an HRA component in my salary as well. Any help in this regard would be appreciated.

Originally posted by : valji

agree with above ask to empolyer to revise form 16 show excess tds deducted show you can get refund from income tax

kallu

Software Engineer

113 Points Joined October 2010

I would like to know this as well.

Due to logistical reasons, I couldn't submit any rent receipts to my employer in FY 2010-2011. So, I haven't gotten the benefit of HRA deduction. They aren't willing to regenerate form 16 now.

How do I claim HRA exemption?

kallu

Software Engineer

113 Points Joined October 2010

Originally posted by : kallu
	I would like to know this as well. Due to logistical reasons, I couldn't submit any rent receipts to my employer in FY 2010-2011. So, I haven't gotten the benefit of HRA deduction. They aren't willing to regenerate form 16 now. How do I claim HRA exemption?

I want to file ITR-1 as my only income is from salary and bank interest (savings /FDs)

Shah Tarun

Student

800 Points Joined May 2008

Calculate exempted HRA as per sec 10(13A) then include only taxable HRA into your salary. . .so your income from salary will be reduced by exempted amount !. In future in case of intimation from department you will have to produce document to AO. . .