Rent paid more than hra received

Tax planning 294 views 5 replies

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

Replies (5)

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

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

No

Agreed with Mr Sarath.
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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