Tax queries

1.Exempted portion of HRA receipt is least of followings :

-40%/50% (50% in case of defined cities) of salary (salary defined)

-actual HRA Recd.

-excess of rent paid over 10% of salary

2. While submitting ITR-V no enclosure, whatsoever is required.

3. If yoyu take reimbursement against these bills from your employer (assuming you have salary income), such reimbursement to the extent of Rs. 15000/- is exempted.

Thanks

CA Dilip Kumar Agarwal

1. I am living in Bangalore. What's the meaning of salary here? Is about the total income (ie. including taxable income) or just the take home?

In our company, we decide the HRA amount from a Flexible Benific component.

excess of rent paid over 10% of salary

I could not understand this point.

2. If we do not have to send anything attached with the signed ITR-V, how the IT dept. will the proof of our investments that we claim in ITR.  Or it could be possible, as we send these investment proofs to our company every year, so they might send this copy to IT.

3. If I suppose do not send the medical expenses from my company, will get any benefit from IT for this.

I mean, can I reduce this medical expense amount from the Taxable income as a benefit to me?

Thanks