RENT PAID (DEDUCTION) ITR 1


avng infra   16 June 2019

avng infra

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what the limit for rent paid deduction in ITR 1 ( salary person) ??
A.Y.2019-20.

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raja sekar   16 June 2019

raja sekar

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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.

avng infra   16 June 2019

avng infra

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sir HRA, DA kuch received nhi hua.
is case me kya krna hoga ?

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Manish (CA)     16 June 2019

Manish
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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.

avng infra   16 June 2019

avng infra

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teeno me se jo sbse kam amount hoga wo apply krna h ??

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Manish (CA)     16 June 2019

Manish
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Yes, I forgot to mention.

avng infra   16 June 2019

avng infra

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ok thanks


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