RENT PAID (DEDUCTION) ITR 1

286 views 6 replies
User Avatar

108 Points Joined January 2019
what the limit for rent paid deduction in ITR 1 ( salary person) ??
A.Y.2019-20.
0 Reply Share Follow
On 16 June 2019 at 18:48 Report
Replies (6)
User Avatar

pro badge

TDS Preparer
1464 Points Joined September 2017
1) Actual HRA received
2) Rent paid over and above 10%of pay (Pay + DA)
3) 40% of (Pay + DA)
whichever is less can be claimed as HRA exemption.
Reply
On 16 June 2019 at 19:08
User Avatar

108 Points Joined January 2019
sir HRA, DA kuch received nhi hua.
is case me kya krna hoga ?
Reply
On 16 June 2019 at 19:20
Guest

The deduction is limited to:

1. Rent paid (-) 10% of total income
2. 5,000 p.m.
3. 25% of total income

Total income is net total income after deductions before this rent deduction above.

Reply
On 16 June 2019 at 19:24
User Avatar

108 Points Joined January 2019
teeno me se jo sbse kam amount hoga wo apply krna h ??
Reply
On 16 June 2019 at 19:32
Guest
Yes, I forgot to mention.
Reply
On 16 June 2019 at 19:59
User Avatar

108 Points Joined January 2019
ok thanks
Reply
On 16 June 2019 at 20:11

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading