Rent aginst HRA...VERY URGENT

i think this is taxable in hand of employee and this is hra amount. when you confirm than reply me also

If Co. is goin to reimburse it'll will taxable in hands of Co.on which co. has to pay FBT. (i.e on Rs.16000/-)

No, whether the company will reiumburse or it is paid to employee, the HRA is taxable in the hands of Employee, if the company will reiumburse, then it will come under the perquisites and the same is also taxable (i.e. Furnished, Non furnished accomodation etc.) I think, please correct if I am wrong.

you mean to say tht Rs. 16,000 will be taxable in the hands of employee as a perquisite?

Be clear, house rent paid by the company means, whether house accomodation provided by the company or not. It means lease deed should be in the name of company only.

If the Company provides the accomodomation. it will considered as taxble perquisite is 20% of salary or Rent paid by the employer which ever is lower.

The Lease deed is in the companies name

Treat t U/S 10(13) and take tax advantage.