Rent Paid to Wife

yes you can claim HRA exemption

Yes, you can claim HRA.

Thank you Sulay -

Can you help me to calculate the tax savings on HRA based on the following figures (per month). I have to put in imaginary figures, as cannot post actuals. Either ways please advice the actual savings on HRA tax:

Basic Salary   15,000
Conveyance Non Taxable  800
House Rent Allowance  5,000
Sundry Medical   250
Leave Travel Allowance  6000
Personal Allowance  400
Special Allowance  4000
Variable Allowance  3000
Vehicle Maintenance  1,000
Total Salary before tax 35,450

Rent paid per month : 10000

Hi Jignesh,

HRA exemption is less of the following:

Actual HRA recieved = 5000

Rent paid - 10% of Basic = 8500

40% of Basic = 6000

You are not allow to claim HRA because the house in the name of spouse only and also you are staying with her only, so no claim is available in your case.

You are not allow to claim HRA because the house in the name of spouse only and also you are staying with her only, so no claim is available in your case.

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Suresh - Your reply is confusing !!!! Are you saying I cannot claim HRA even if i am paying rent to my wife?

Other participants have said that I can claim !!! Please advice what is your point of observation and further in what scenerio can i claim HRA tax benefit.

I'd suggest that you are legally entitled to claim HRA Benefit by paying Rent to your wife. However, it would be safe if you file ITR of your wife showing that rent as her Income.

Hi All, I have a related query :

flat is owned by me and till date i am paying the home loan. Can i claim HRA if I start paying rent to my wife and wife then start repaying EMI on home loan from it and start showing rent received and interst paid in her tax returns ?

Rohit

BTW, I just read this forum and it seems we can not pay rent to wife and stay togather - /experts/experts_message_display.asp?group_id=95546

rohit

hi 

PLEASE SOME ONE HELP ME ,  I AM AN ADVOCATE, I  AM IN RENTED HOSE PAYING  RS 5500/- P MONTH,  AND MY OWN HOUSE I HAVE RENTED OUT FOR RS 9000/-  , WHILE FILING FORM IV  HOW  RENT PAID AND RECEIVED SHOULD BE TREATED  

hi 

PLEASE SOME ONE HELP ME ,  I AM AN ADVOCATE, I  AM IN RENTED HOSE PAYING  RS 5500/- P MONTH,  AND MY OWN HOUSE I HAVE RENTED OUT FOR RS 9000/-  , WHILE FILING FORM IV  HOW  RENT PAID AND RECEIVED SHOULD BE TREATED