Tax benefit on HRA

I was working for 1st  3 months of year 2009 . I have only received HRA for Apr & May 09 . I stay in a rented house . I have paid  rent for all 12 months now. what is the Tax Benefit I can avail ?

Replies (1)

Dear Sir,

As a principle, Exemption cannot exceed the income..........hence maximum amount that can be claimed exempt is the amount of HRA which you have received..........so its for April & May u can claim HRA as exempt............

Further, I think benefit of Rent paid for the months of June onwards shall not be allowed u/s 80GG, since assessee was getting HRA.

From next year u can claim rent of 12 months u/s 80GG provided u r not in receipt HRA....... 

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