Rent paid more than hra received

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Accountant
48 Points Posted on 11 January 2019

Dear Sr,

 

i will received HRA Rs.45000 but i will pay rent Rs.180000 in F Y 18-19 (this total is proposed this year ) so kindly advice how i can claim that excess rent i will pay which more than HRA in my Salary tax computation.

 

Thanks

vasant mahajani

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On 11 January 2019 at 15:06 Report
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Nil
1762 Points Posted on 11 January 2019

rent paid over 10% of salary 

     actual rent paid 

            50% of basic salary if the taxpayer is living in a metro city
           40% of basic salary if the taxpayer is living in a non-metro city

least of the following can be deduct

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On 11 January 2019 at 15:36
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Accountant
48 Points Posted on 11 January 2019

thanks Sir,

 

but my question is if spent more than HRA amount is there any way to adjust this in salary tax calculation 

 

Regards

Vasant

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On 11 January 2019 at 15:43
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Nil
1762 Points Posted on 11 January 2019

No

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On 11 January 2019 at 16:00
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Student CA Final
2880 Points Posted on 11 January 2019
Agreed with Mr Sarath.
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On 11 January 2019 at 23:14
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CA in Practice
116 Points Posted on 12 January 2019
You can check under section 80GG too. COompare between HRA Exemption amount and deduction you can get under 80GG. Opt for which is more beneficial to you. Also there are requirements to be met if you decide to take deduction u/s 80GG
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On 12 January 2019 at 10:36

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