- CA Sandeep Kanoi
- | Income Tax
- 04 Nov 2017
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CA Sandeep Kanoi
Calculate your House Rent Allowance (HRA) exemption know HRA exemption Calculation Formula and download HRA Calculator in excel format for easy calculation of exempt HRA Allowance out of Total HRA received by Salaried Assessee.
Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package, in accordance with the terms and conditions of employment. HRA is given to meet the cost of a rented house taken by the employee for his stay.The Income Tax Act allows for deduction in respect of the HRA paid to employees. The exemption on HRA is covered under Section 10(13A) of the Income Tax Act and Rule 2A of the Income Tax Rules. It is to be noted that the entire HRA is not deductible. HRA is an allowance and is subject to income tax.
An employee can claim exemption on his HRA under the Income Tax Act if he stays in a rented house and is in receipt of HRA from his employer. In order to claim the deduction, an employee must actually pay rent for the house which he occupies.
The rented premises must not be owned by him. In case one stays in an own house, nothing is deductible and the entire amount of HRA received is subject to tax. As long as the rented house is not owned by the assessee, the exemption of HRA will be available up to the the minimum of the following three options:
- Actual house rent allowance received from your employer
- Actual house rent paid by you minus 10% of your basic salary
- 50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro
This minimum of above is allowed as income tax exemption on house rent allowance.
Salary here means basic salary which includes dearness allowance if the terms of employment provide for it, and commission based on a fixed percentage of turnover achieved by the employee. The deduction will be available only for the period during which the rented house is occupied by the employee and not for any period after that.
Meaning of Salary for calculation the exemption of HRA
Contents
- Salary means (Basic + D.A + Commission based on fixed percentage on turnover).
- Salary is to be taken on due basis in respect of the period during which the period accommodation is occupied by the employee in the previous year.
Examples for calculation of exemption/deduction of HRA
X has received following amount during the previous year.
- Basic Salary – Rs. (5000*12) – Rs. 60,000/-
- Dearness Allowance (D.A) – Rs. (1000*12) – Rs. 12000/-
- House Rent Allowance (H.R.A.) – Rs. (2000*12) – Rs. 24000/-
- Actual Rent Paid – Rs.(2000*12) – Rs. 24000/-
Calculation
The minimum of the following amount shall be exempt
- Actual HRA received (2000*12) – Rs. 24000/-
- Rent Paid in excess of 10% of salary ( 24000-7200) – Rs. 16800
- 40% of Salary – Rs. 28800/-
Therefore, Rs. 16800 shall be exempt and the balance Rs. 7200 shall be included in gross salary.
Frequently Asked Questions:-
How is HRA accounted for in the case of a salaried individual and a self-employed professional?
HRA (house rent allowance) is accounted for in the case of salaried people under Section 10 (13A) of Income Tax Act, 1961, in accordance with rule 2A of Income Tax Rules (HRA Exemption Rules). On the other hand, self-employed professionals cannot be considered for HRA exemption under this act, as they do not earn a salary. However, they can claim benefits on the house rent expenses incurred under section 80GG, which resembles section to 10(13A) but is subject to certain conditions.
What are the dependent factors in calculating HRA for the salaried individual?
When you are calculating HRA for tax exemption, you take into consideration four aspects which includes salary, HRA received, the actual rent paid and where you reside, i.e., if it is a metro or non-metro. If these aspects remain constant through the year, then tax exemption is calculated as a whole annually, if this is subject to change, as in a rent hike, pay hike or shift in residence etc., then it is calculated on a monthly basis. It is usually rare for all the values to remain constant in a financial year.
The place of residence is significant in HRA calculation as for a metro the tax exemption for HRA is 50% of the basic salary while for non-metros it is 40% of the basic salary. This holds true especially when you work at a metro and reside at a non-metro. In this case, your city of residence only will be considered for calculating your HRA.
Can I pay rent to my parents or spouse to avail HRA benefits?
You can pay rent to your parents, however, they need to pay tax on the same or account the same in calculating their taxable income.
On the other hand, you cannot pay rent to your spouse. In view of the relationship when you take up residence together, you are expected to do so and hence such a transaction does not bear merit under tax laws. Sham transactions can only spell trouble under scrutiny, so steer clear of these.
Do I need to submit any proof for my HRA claim?
You need to submit proof of rent paid through rent receipts, for which only two need to be submitted, one for the beginning of the year and one towards the end of the financial year. It should have a one rupee revenue stamp affixed with the signature of the person who has received the rent, along with other details such as the rented residence address, rent paid, name of the person who rents it etc.
Can I simultaneously avail tax benefits on my home loan and HRA?
The tax benefits for home loan and HRA are two separate entities and have no direct bearing on each other. As long as you are paying rent for an accommodation, you can claim tax benefits on the HRA component of your salary, while also availing tax benefits on your home loan. This could be the case if your own home is rented out or you work from another city etc.
EXTRACT OF RULE 2B OF INCOME TAX RULES I.E. HRA EXEMPTION RULES
Limits for the purposes of section 10(13A) .
2A. The amount which is not to be included in the total income of an assessee in respect of the special allowance referred to in clause (13A) of section 10 shall be—
(a) the actual amount of such allowance received by the assessee in respect of the relevant period; or
(b) the amount by which the expenditure actually incurred by the assessee in payment of rent in respect of residential accommodation occupied by him exceeds one-tenth of the amount of salary due to the assessee in respect of the relevant period; or
[(c) an amount equal to—
(i) where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, one-half of the amount of salary due to the assessee in respect of the relevant period; and
(ii) where such accommodation is situate at any other place, two-fifth of the amount of salary due to the assessee in respect of the relevant period,]
whichever is the least.
Explanation : In this rule—
(i) “salary” shall have the meaning assigned to it in clause (h) of rule 2 of Part A of the Fourth Schedule;
(ii) “relevant period” means the period during which the said accommodation was occupied by the assessee during the previous year.]
Image courtesy of Salvatore Vuono at FreeDigitalPhotos.net
(Republished with amendments)
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I am a state government employee and now our salary has hiked to equivalent central government employees with retrospective effect. If my arrears calculated and i got HRA arrears. The difference HRA paid and Arrears received. under this statutory deduction is compulsory or wave up available.
I wish to pay ret to my mother (she is non working) ,
the residence for which I need to pay rent is co -owned by “mother and father” ,
can I pay my rent to my mother only , as she is half owner of the property
Dear Sir,
The article is very nicely explained, but I have a question If I am already availing the benefit u/s 24 amounting 200000/-, Should I take advantage of 50% HRA paid by my company.
What about central government employees? Are the same rules applicable? Kindly, at the earliest, guide through with the exemptions available for central government employees.
SIR MY BASIC WAS RS 20000.00 AND DA OF RS 8650.00 AND HRA WAS 2000.00 AND I AM PAYING THE RENT RS 4500.00 P/M
NOW I DO NOT WANT CLAIM SEC 10(13) BUT I WANT TO CLAIM UNDER SECTION 80GG
10% of Basic salary + DA was higher than HRA paid. Government salary. HRA Exemption eligible or not?
Rent received. : 20,100
Rent paid. : 45,000
10% of Basic + DA : 53,000
we are manufacturing Tool and dies for OEM(s) but as a contract the cost of tooling is to be capitalised at our own. only components will be sold. Now the tooling is our assests till business carried, after closure of transaction being our property we have liberty to dispose off.Now before capitalization how can be Generate GST invoice and pay GST. Please suggest method of capitalization and invoicing system.
regards
R K Mishra
my employer says that contribution of NPS by the employer is to be added in the salary. after adding in the salary deduction u/s 80c will be admisable on both the parts (employer and employee) Is it wright or wrong ?
Read carefully the article in respect of HRA calculation and update/ claim for HRA exemption ,
writer has given clarified in details .
I have read a few of your articles on income tax exemption s for individuals. You have written each item in detail and have linked earlier articles with each other. Great work. Keep it up.
Sir,
How to calculate HRA ..Our Pm Salary is Rs. 5Lacks (Basic + DA) + his Hra is 199000 and he is paying rent for his house is Rs.1.20 lacs for 12 months.
Kindly how much hra is allowed to my PM
I m living in rented house and i have salary income but my compeny can not give me HRA and it does not saws in form 16 so can i claim my rented house exp.
Mr.Vishal,as you donot draw any HRA ,you cannot claim exemption under Section 10(13A). But you can claim deduction under section 80GG.
Instead of staying in house, I propose to put up in a service apartment/hotel. Is the amount paid to the service apartment/hotel claimable as exemption?
Why not ,while other conditions are complied?
i have stayed in house on rent only for 4 months in the year 2016-17 and hence paid rent of 4 months. so to get the tax benefit on rent paid, calculation to be done considering whole year or only the duration mentioned above? please reply
Sir
While calculating the Rent Paid in excess of 10% of salary, I am getting a negative value.
My basic pay in a month is 177100. I am paying 15000 as rent per month.
What is the methodology to adopt for calculating the amount exempted under HRA. Please advice.
Sir,I am a state government employee.Ihave taken Housing Loan on 2012.I am working out of station to my own house.I am residing in rented house of Rs.6000/-pm.My own house was not given rent purpose.
Hence,i have eligible for exemption house rent and housing loan interest ? Please clarify.
Sir,I am a state government employee.Ihave taken Housing Loan on 2012.I am working out of station to my own house.I am residing in rented house of Rs.6000/-pm.My own house was not given rent purpose.
Hence,i have eligible for exemption house rent and housing loan interest ? Please clarify. – See more at: https://taxguru.in/income-tax/house-rent-allowance-hra-taxability-and-workingcalculation-of-taxable-hra.html?replytocom=1947407#respond
Sir,I am a state government employee.Ihave taken Housing Loan on 2012.I am working out of station to my own house.I am residing in rented house of Rs.6000/-pm.My own house was not given rent purpose.
Hence,i have eligible for exemption house rent and housing loan interest ? Please clarify – See more at: https://taxguru.in/income-tax/house-rent-allowance-hra-taxability-and-workingcalculation-of-taxable-hra.html?replytocom=1947407#respond
My basic pay is Rs.26360/-pm Da Rs.34795/- pm iam paying a rent of Rs.42369/- per annum for the govt quarters occupied and receiving Rs.3200/- pm towards House rent allowance How much i get hra rebate
Reply
– See more at: https://taxguru.in/income-tax/house-rent-allowance-hra-taxability-and-workingcalculation-of-taxable-hra.html#sthash.sFm8BH6T.dpuf
iam paying a rent of Rs.42369/- per annum for the govt quarters occupied and receiving Rs.3200/- pm towards rent How much i get hra rebate
iam occupying govt quarters and iam paying Rs.42369/- towards rent and iam receiving Rs.3200/- as rent per month. How hra rebate can be claimed
Sir,
I am living in a rented house.As of now I need no HRA exemption as my income do not cross the taxable limit after considering 80 C and 80 D exemptions.Please tell me whether I need to submit
rent receipt now to avail HRA exemption in future in case of revision in salary.
Hi sir…I need one information…I am working in an institution for 11 and half months…I am paying 8000/month…can I claim for 11and half months or complete 11 months
I am in occupant of a govt quarter and for maintainence of my family I kept them in a rented house at other state for which I am paying rent.
I do not receive any house rent. Can I claim HRA.
Sir,
I am a government servant getting hra in my salary. Iam residing in my working place paying rent. At the same time due to educational reasons my spouse residing in another town with my children in a rented house which is more than my rent. Can i claim hra exemption on my spouse house rent payment.
iam occupying govt rental quarters and iam paying Rs 48262/- per annum and iam receiving Rs.3200 per month towards HRA. How can i claim hra rebate
iam occupying govt rental quarters and iam paying Rs 48262/- per annum and iam receiving Rs.3200 per month towards HRA. How can i claim hra rebate
Reply
– See more at: https://taxguru.in/income-tax/house-rent-allowance-hra-taxability-and-workingcalculation-of-taxable-hra.html#sthash.aCq0WCt9.dpuf
I am living with my employed wife in house which is
registered on my name. Can my wife claim HRA
exemption? pl advice.
You will not be entitled for HRA as you have availed Government accommodation. It is immaterial whether spouse is staying in rented accommodation or not. HRA doesn’t have any bearing on yours or spouse’s location. It depends on whether you are availing government accommodation or not.
I am govt. employee living in govt. quarters so not getting HRA
1. Parents are living in rented house
2. Spouse living in rented house
3. Having own house
at different places
can i get exemption under 80GG
or any other source ?
Hi, I have a quarry. After 7th pay commission, my monthly basic salary is 47000 approx..DA is 0, HRa is 1820. I am paying Rs. 5500/-per month house rent.. I am living in z class city. What would be my HRA exemption under the Income Tax Rules.. Please
ENNGA STREETLA ORUTHAN IRRUGA AVAN NAME KADAR. AVANNUKKU ORU HOUSE 1.25 LAKHS VARRUMANUM VARRUTHU SIR . AVANNUKU INCOME TAX ILLLAYA. STREET NAME . MELA CHINTHAMANI
Is there a rule that if my rent claim is more than 15000 per month my landlord also should file ITR compulsorily ?
My parents stay in rented house, and my sister pays the rent for this house. However, my sister stays few days with parents and few days of week is staying with her husband in their own flat in same city. Can my sister claim HRA tax benefits?
Myself Mr. Prakash proprietor of M/s. ABC staying in a rental house paying rent 30000/- per month. am paying the rent through company’s cheque.
Shall I deduct TDS @ 10% and pay the rent and also can I avail the rental benefit.
Mr Prakash
Since you are self employed you cannot take the benefit of HRA.
As far as deducting TDS is concerned, since you are using the house for your residential purpose and not for your business, you need not deduct TDS.
I have stayed in Govt quarter till june 2015,and feb
2016 onwards i am staying outside by rented house.So whether i can get tax exemption for three month for last financial year til march 2016? and how i can claim for that? becoz there is no option in online eflling tax return? pls tell me?
I have stayed in Govt quarter till dec 2015,and january 2016 onwards i am staying outside by rented house.So whether i can get tax exemption for three month for last financial year til march 2016? and how i can claim for that? becoz there is no option in online eflling tax return? pls tell me?
(HRA) I have job in Himacha Pradesh and paying rent 96000 per year. My family staying at Gujrata and i am paying 120000 rent per year. Can i claim both rent as HRA?
What wiil be the basic pay for a Pilot ?
Will it include only basic pay
Or will it include other allowances?
My friend is a central govt. employee but his wife is state govt. employee, then what would be the house rent rule for their?
They both fill there return separately according to there norms, and only one member can avail the benefit of HRA
I don’t think relocation is covered in the non taxable category Like LTA and medical. Since the company paid you extra money they would tax you accordingly.
HRA Issue: There must be quite a lot of people who would come under the category that I am going to discuss. ie. those who stay in their own house and do not pay rent but receive the HRA from the company where he / she works. In this case they are not eligible for any deduction – right?
Now my question is what about the society charges they pay. what about the municipal corporation tax. Why these should not be treated under or as rent or some sort of rebate should be provided. do you agree?
is there an upper cap (maximum tax free HRA one can avail?)
Hi
I do not own house but live with ma parents..we have taken loan for home on the name of mother. I do contribute in home loan repayment . Can I get any deduction under income tax act.
Please suggest any other alternatives if available.
Thanka
Kamlesh
my Room Rent is 1800/Month. now the Account Dept. asking for Pan card Copy of land load. and land load Don’t this. Does pan card Copy is Mandatory? Kindly Suggest.
If rent is above 1 lac then only PAN card is required.
My account dept. says, it is mandatory to pay rent by cheque and provide the copies of same also the rent receipt and PAN copies to get exemption, I pay 6000/month. Is it mentioned on any of govt. websites or on incometaxindiaefiling.gov.in regarding the same? And I can take a print and upgrade my accounts dept.
not mandatory unless rent is above 8333 per month
I too has the same doubt..
can any one please help me out..
is the Rent paid by the assesse for staying of his dependent can be included for HRA exemption
hello,
Please help us on How to Save the capital gain Tax
I purchase flat on 24-03-2003 purchase cost of flat is Rs. 6.37.150
I sold that flat in feb 2016 sale cost is 45,00,000
Indexation cost in 2002-03 447 and in 14-15 1081
637150*1081/447 = 1540848
So Long term capital gain is Rs. 29,59.152
what should be done to save capital gain tax of Rs. 29,59,152
Hi,
Please see the below details and help me out.
Home loan taken on August 2015, In December-2015 I got the possesion of my new house.
Earlier I was living on rent, now moved to my new house in Jan 2016
Can I claim tax benefit on: 1. HRA for period April-2015 to November-2015 (8 Months) 2. Sum of Principal Amount from the EMI which I will pay from December-2015 to March-2016 (4 Months)
3. Sum of Interest Amount from the EMI which I will pay from April-2015 to March-2016 (12 months),
Date of admissibility of HRA in case of late application
Is it necessary to submit copy of PAN card of the owner or PAN number is enough?
do we need to submit(mandatory) the copy i.e xerox of PAN of my owner or PAN card number is enough.
of course , you will get HRA exemption but surely less than what is shown on your salary slip. The calculation is above.
I am a fixed salaried person. In my salary sleep only final figure of salary is mentioned. How can I claim House Rent. I am leaving in rented house.. Kindly guide me.
By your logic.. what ever money that you spend, should be non-taxable.. That is not true. Relocation is taxable if it is getting reimbursed.
He means since the money he received as reimbursement is the same Rs. 70000 he paid from his pocket that was already taxed.
My Annual HRA is 100,000 so I am entitled monthly HRA of 8333.33
I am staying in PG accommodation where I am paying 6000/month which is less than the HRA what I get from my company.So if I show 6000/month rent will I get tax exemption?
Can I claim HRA TAX benefits along with Home Loan ? As I am staying in different city on rent alone i.e. Delhi and my family is staying in my Home in a different city i.e. Gurgaon, which is registered to my wife name. My wife is house wife and she is primary applicant of Loan and I am co-applicant. Please advise.
Hi ,I am working in Lucknow but my family is staying in a rented accommodation in Delhi .Can I claim HRA as I am also staying on rent in Lucknow
Is PAN card detail necessary for HRA deduction
If the annual rent paid by you exceed Rs 100000 in one financial year,then the landlord’s pan details need to be provided and otherwise not
s PAN details of landlord compulsory for claiming HRA ?
Yes. For availing exemption PAN card number is nessessary
I was in Noida and joined new company in PUNE. During relocation expense I spent 70000/- almost from my pocket including Household shifting, Travelling with family from Noida to PUNE by flight & Car shifting.
Company promised me to reimburse the amount and after I joined I submitted the actual bills and statement. With in 2 months, I got full payment.
now company is putting the reimbursement paid amount as my INCOME.
I believe it should not be TAXABLE, because I paid from my pocket which is already tax deducted source and now when I got my money back then again it cannot and should not be taxable.
For justification, I gave the clause of 10 (14) 2BB & 17 (3) of Income Tax 1961-62.
I have stayed on rented house for 2 or 3 months before shifting to my house. So can I claim for those 2, 3 months and Home loan interest both. I have got the possession in march 15
Can I apply for tax benifit home loan availed from two different bank for same home. One is home loan and another is home repairing loan.
my House rent is 120000 and i paid Rs 140000. my House rent Amount 120000 is exempt for income tax.
hi ,
I have the pan card of my landlord , but i dont have the photocopy of the same , is that suffice to submit the documetn with the photocopy of the landlord .
Go to nearest xerox shop & take a copy.
supper
How do you take photocopy of landlord
If pay rise is given with retrospective effect there by amounting to arrears HRA payout for the period which has already lapse, i.e. for instance payrise given effective Jul’15 in Oct’15 (3 months arrears)should arrears HRA be reconsidered for calculating monthly HRA for the periods Jul’15 to Sep’15 which was already calculated earlier.
Our Kids stay in our own house. I stay with my wife in rented house. kids stay separately as it is small house for study. Can I avail HRA exemption/deduction ?
please reply
Can I avail HRA Exemption/Deduction for me as I stay with my wife in rented house. Our Kids stay in my own house. we stay separately due to Kids study as it is very small House.
i did not see anything named as dearnes allowance in my CTC. in that case how do we arrive at an amount as salary by looking at the CTC
In that case your DA (Dearness Allowance is 0). So, consider it 0 and do the calculation.
Sir,
I am working in Dehradun but my family is living in Meerut at Rent for Rs 15000 per month. However I am also paying rent in Dehradun Rs 7000 per month.
I presented rent receipts to my employer of Meerut house he refused to accept it and gave me the plea that rent receipt must be of either dehradun or nearby.
Kindly guide me the right way to claim exemption for HRA
HI ,
I dont have own house,I am staying with my father ( as house is on his name ) & paying rent of 12000 to them ,there by showing the same as income in father’s IT return ( income from other source ) .
I have two questions as below
1 ) Now I have also taken mediclaim policy & paid premium of 9000 INR for my parents to whom i am paying house rent .Now can i take deduction of 9000 TINR the same in sec 80 ( parents are non-senior citizen ) ? Please advice .
2 ) We all have also travel then can i put parents tickets to claim LTA exemption ?? please advise separately.
Thank you ,
Can I claim HRA for my parents living in a rented flat, & I am living in employer’s colony
Have taken an employment with a U.S company. It is currently not registered in
India.
However I work from India and my employer pays my lump sum salary in Indian currency into my Indian account.
Given that my income is in the tax bracket, wanted to know on the tax implications and how can I get tax benefit ,HRA,MADIClAM
Hi Sir, I’ve received a salary breakup details from an organisation mentioned that HRA is 3 times of basic salary. By seeing this structure itself I got a doubt that is it possible that HRA is more than basic. And in this case HRA is three times of basic.
Can you please clarify the doubt that “Is HRA more than basic is allowed?”
Hi, If I ve joined a company from mid of a financial year(say for 6 months only), then in the above calculation should we considered the actual basic salary received(i.e for 6 months) or should we consider the annual basic salary(12 months)?
Regards
Gayana
Dear sir,
I am residing in a Government allotted quarters. I will get HRA in my salary but my entire HRA will be deducted again under deductions and it will go back to Government. Since HRA is completely deducted from my salary, am I eligible to claim exemption for complete HRA? If yes, please mention the reference section under which I can claim exemption
Thank you
Please provide HRA exempted amount?
HRA exemption limit is not Proved Dear.We will calculate Our Exemption Limit.
For Example :-
Your salary(50000*12)=600000
Dearness Allowance(2000*12)=24000
House Rent Allowance (10000*12)=120000
Actual Rent Paid By You(12000*12)=144000
Then We will Calculate Our Exemption Limit:-
Actual HRA Rec.=120000
Rent Paid in excess (144000-62400)=81600
If U Living In Metro City then 50% = 312000
81600 is Exemption Limit & 38400 (120000-81600) is Add Back in your salary.
I hope you can understand.
if i have own house can i take HRA from company..?
Hello,
1. I am residing in a rented flat with rent of Rs. 12000 p.m. with my parents. My current basic is 23000 p.m. and hra is 11500 p.m.
2. I have booked a house with home loan. EMI shall be 25000 pm with 18000 p.m. being interest. Possession shall come in december’15. My mother is a co-owner in the property and my father is working with a private company.
3. I have changed a job and shall change the city as well from Octoberr’15. I will be residing in a rented flat with house rent of Rs. 12000 p.m. and my salary will be basic 37565 and hra – rs. 18783 per month. The owned flat in current city shall be occupied by my parents.
Can you help me with the tax planning for maximum HRA and housing loan benefit
Sir If my Basic Salary is 12000 and HRA 4000 and I am paying actual rent of rs 8000 per month what would be the deduction i can get from income tax. Please reply so that i can file my income tax return accordingly
Maximum exemption/deduction of HRA U/s. 10(13A) in your case will be Rs. 48,000/-.
Basic Salary :- 16,666.00
HRA:- 20,833.00
1.How much(max) amount i can declare for hose rent.i am staying in NCR noida.
can i get the tax benefit on 13k per month rent(156000/-)
2. After declaring of 1lac 50k in 80c still 1,397.00 is getting deducted as income tax. what i need to do so it not get deducted.
HRA Max – 99,996 annually.
Other tax saving options: medical insurance for self and/or parents, Conveyance Allowance, medical bills (15,000 max), LTA, loot at NPS, Rajiv Gandhi Equity Savings Scheme
Hi,
I bought a commercial property whose value was above Rs.50 lac & I paid 1% TDS on behalf of the seller on my share, which is reflecting in Form 26 AS.
Now I am filling online return, please could you guide me where do I need to mention this TDS paid amount while filling online return.
Thanks in advance.
IF WANT ANY TYPE INCOME TAX RETURN, REFUND, LAST YEAR REFUND SO CALL URGENTLY FOR SAVE YOUR MONEY
CALL-8273980693,9412541791
email me at sknagothu@gmail.com for tax filing and planning.
For Tax information, calculation, and also for tax planning & filing returns. please post your queries and requests by emailing me at sknagothu@gmail.com
hi,
the author keeps ignoring multiple queries regarding HRA claim for people paying rent for 2 houses at the same time – one being self occupied, and another being occupied by parents (in the same town, or in other town).
There is no clarity on this subject in any forums.
Request the author, or anyone who knows to reply conclusively.
Many Thanks!
I have the same query – Can HRA be claimed if i am paying rent for 2 houses one for myself and another for my family. Mr Sudarshan, anyone else can you pl clarify
MY TOTAL INCOME FROM SALARY is997127 which after 80cc deductionis868359. Ipaid 36000 as house rent How much HRA EXEMPTION Ican get?
i am staying in house coowned by my parents. can I claim HRA by paying rent to them?
Hi
Can you please let me know whether a salaried person can claim benefit of HRA exemption at the time of filling his/her return.
Issue is that a Mr.X has left a organisation while leaving he had submitted his HRA proof to HR department. HR doesn’t consider that proof but deducted & paid the tax on the whole salaried income & issue the form 16 & 26AS.
Now Mr.X can claim HRA exemption while filling his return.
Can a Person pay rent to his children? Which ruling disallow paying rent to Spouse?
Sir,
I have built home taking company loan, at Bardoli 35 Kms. from Surat. I am living in Surat where my office is situated. Up till I lived in Company Leased Agreement. Now I discontinue the company lease agreement & paying rent of Rs. 6500/- Now I would get Approx. Rs. 5000/- (30% of Salary) WHAT IS TA IMPLICATIONS?
SB Mahajan
sir i am from jhansi . now jhansi comes in Y class cities .but my factory BHEL SITUATED 20 KM AWAY FROM JHANSI CITIY .CAN BE GET 20% HRA OR NOT
What is T&R facility which cost is deducted from my gross salary
Hi,
I am paying rent for two houses, one for myself and one for my parents. I was wondering if I could claim HRA tax rebate for both the houses? Any suggestions from you would be very valuable.
Many thanks…
Hi, I’m Pallavi and I have a question. Could you please tell me if i can claim exemption on HRA? The situation is I stay with my parents in a rented house and my father pays the rent. Can I still claim exemption on HRA??
IF so then what does my father have to do while filing his tax returns?
I’m Quite new to all this.
Dear Sir,
This is very helpful article. I have some doubts. I received the arrears in the same financial year. Its incremental DA. Will it be included for calculating the HRA deduction?
I received once in April and 2nd time in October.
Thanks.
Mr.R.K.Agarwal: Yes; you can claim the HRA exemption in respect of the House Rent you are paying. Regarding the own house you are not using you can claim the exemption if you are having rental income from that property. No exemption you can get if the property is un-used and idle.
Murtuza: No
Hi,
My family resides in Bangalore and I am paying rent over there. I have recently got a new job and have moved to Mumbai where I am staying with my parents but my wife and kids continue to stay in the rented apartment in Bangalore.
Can I claim HRA exemption for that rented apartment in Bangalore or not??
Sir,
I am paying rent for hired accomodation in non-metro city. Also I am getting possession of a purchased home in the same town but not intending to reside in the same being in remote locality.
Can I claim HRA exemption alongwith interest & principle exemption under section 80C and section 24.
Pl reply either on above e-mail ID.
Thanks and Regards
I am working as a state government employee and my basic pay is Rs. 20740.I am residing in government rental housing. I am not getting my house rent@15% =3111 per month. Can I calculate my income tax excluding this HRA?
Sir
I am getting 60880/pm salary (Salary break up Basic-36528/-, HRA-18264/-, Conveyance-3044/-, Medical-3044/-) & actual Rent Paid of Rs.8000/pm
How many amount will exempted in Income tax
The HRA Slab defined by the Govt is absolutely looting money from middle man like me.
The calucation as per Govt HRA Slab as under:
Basic Salary 300000
HRA 150000
40% HRA on Basic Salary 120000
Actual HRA Paid 96000
Exemption available 66000 Being Non Metro
Taxable HRA 84000
Correction required on the above Slab as under:
Correction required in Slab
HRA 150000
Exemption available 96000 Minimum of HRA, 40% on Basic Pay & Actual HRA Paid
Taxable HRA 54000
If I go for calculation of HRA benefit available, I understand that I am getting benefit only for Rs. 12000/- as HRA Exemption as per below calculation
Actual HRA Paid Rs.96000/-
Taxable HRA is Rs.84000/- instead of Rs.54000/-
Benefit what I am getting from HRA is only for Rs.12000/- on furnishing House Rent Receipts, instead of Rs.42000/-
According to above correction, the rufund of TAXABLE HRA should be as under:
More Taxable HRA 30000 Excess Tax to be refundable
If Govt is not able to provide this, then the benefit of 80C to be enhanced from 150000/- to 250000/- considering increasing expenses especially on Vegitables, MILK, Tution Fees as every year Schools and Colleges are increasing Tution Fees but taxable limit is only Rs.24000/- per two children if I have to pay Tution Fees more than Rs.24000/- for an example Rs.36000/- per two children.
The HRA Slab defined by the Govt is very horrible for middle man like me.
The calucation as per Govt HRA Slab as under:
Basic Salary 300000
HRA 150000
40% HRA on Basic Salary 120000
Actual HRA Paid 96000
Exemption available 66000 Being Non Metro
Taxable HRA 84000
Correction required on the above Slab as under:
Correction required in Slab
HRA 150000
Exemption available 96000 Minimum of HRA, 40% on Basic Pay & Actual HRA Paid
Taxable HRA 54000
If I go for calculation of HRA benefit available, I understand that I am getting benefit only for Rs. 12000/- as HRA Exemption as per below calculation
Actual HRA Paid Rs.96000/-
Taxable HRA is Rs.84000/- instead of Rs.54000/-
Benefit what I am getting from HRA is only for Rs.12000/- on furnishing House Rent Receipts, instead of Rs.42000/-
According to above correction, the rufund of TAXABLE HRA should be as under:
More Taxable HRA 30000 Excess Tax to be refundable
If Govt is not able to provide this, then the benefit of 80C to be enhanced from 150000/- to 250000/- considering increasing expenses especially on Vegitables, MILK, Tution Fees as every year Schools and Colleges are increasing Tution Fees but taxable limit is only Rs.24000/- per two children if I have to pay Tution Fees more than Rs.24000/- for an example Rs.36000/- per two children.
Mr. Saurabh: Self employed and those who are not in receipt of any HRA can claim HRA exemption to an extent of Rs.2000 pm. A flat rate.
Hi,
I am a self employed personnel, staying with my dad in a property which is not under his name but its part from the family settlement. Now can I pay rent to my dad, if yes then this income will be considered as his income?
OR There is any limit which I can pay and He may not have to take that amount as income? Please advise.
Thanks
contact for tax matters sudacgwb@yahoo.com (free by a volunteer)
Contact for Tax Calculations & Tax Saving
ashukla_nikhil@yahoo.com
09888530833
If HRA is received for part of a financial year and rent is also paid for the same period. (nine months for example). How would the 10% of salary be calculated?
How would the return be filed to claim a refund in this case?
Can Husband paying rent in two separate location for wife and him self .
Can he claim separately
Employee worked first 10 days in one company and hra received proportionately and 15 days another company(Company changed ) and hra recs proportionately. My question is can he claim hra in both the companies proportionately for that month.
Months Basic Pay AGP DA TA HRA DA-TA GROSS ATD* NET Salary
April 15600 6000 21600 3200 6480 3200 56080 2000 54080
May 10568 4064 14632 2168 4390 2167 37989 2000 35989
Ju+July 35729 13742 49471 4129 14841 4129 122041 4000 118041
Aug 15600 6000 25363 3283 6480 3282 60008 2000 58008
Sep 15600 6000 23112 3200 6480 3424 57816 2000 55816
Oct 15600 6000 23112 3200 6480 3224 57616 2000 55616
Nov 8840 3400 16121 2037 3672 2165 36235 2000 34235
Dec 0 0 0 0 0 0 0 0 0
Jan 12580 4839 18638 5341 5226 0 46624 0 46624
Feb 15600 6000 23112 3200 6480 3124 57516 0 57516
March 15600 6000 23112 3200 6480 3124 57516 0 57516
G.Total 161317 62045 238273 32958 67009 27839 589441 16000 573441
ATD*= Advance Tax Deducted by employer
HR Paying 8000 pm (8000*12)=96000
PPF Saving =100000
Calculate net tax payable in this year
IF 10% OF SALARY(BP+DA) IS GREATER THAN ACTUAL RENT PAID. IN THIS CONDITION HOW CAN I GET HRA EXEMPTION UNDER I.T.ACT ?
My employer is seeking original rent receipts for considering exemption under section 10(13A) for the purpose of deduction of tax at my salary. I have produced copies of rent receipts but he is not satisfied and has told me that exemption can not be considered else I produce original rent receipts. However, in my view, if I furnish original rent receipts to the employer and my case comes under scrutiny in future, how shall I be able to furnish the originals to the department. Please guide me.
I have a query in regards to the HRA claim for different cities. My company’s base location is Bangalore and I am working on a project which is based out of Korea. The project is such that we travel for 3 weeks in Korea and spend 1 week in India, during that course of period I generally go to Delhi either on vacation or at times I work from Delhi (from home) as well. The company doesn’t have any office in Delhi.
Can I claim HRA from Delhi considering the income would be shown under my landlord’s name as other income since I am not claiming it for Bangalore?
Mr.PPA: Yes.
i hate the subject
Hi,
As per my company policy for HRA exemption that, i need to submit rent agreement for exempting the tax and my rent is less than 1 lacs per annum.
So if it not mentioned in form 16 during filing TDS, Can I file HRA in Tax return.
thanks,
P P
Dear Suchanthi,Both are possible. When you are getting HRA and not paying any rent means you are staying in self-occupied property and HRA is taxable. Rebate u/s 24B is the negative income arising out of interest payment net of rent received if let out, and whole of it if no rental income.
Sir,
My question is can I avail both HRA and Interest if both houses are in the same locality (in the same apartment).
Do I need to show the house on which I am paying EMI as let out to avail the deduction of interest?.
MrAnup: If the rent paid in excess of 10% of salary is negative, whole of HRA received is taxable. The meaning of the rule is 10% of the salary one is supposed to pay as rent. In case you are not paying even 10% of salary as rent whole of HRA is taxable.
Sir,
H.R.exception limit illustration as given in your post as under
X has received following amount during the previous year.
Basic Salary – Rs. (5000*12) – Rs. 60,000/-
Dearness Allowance (D.A) – Rs. (1000*12) – Rs. 12000/-
House Rent Allowance (H.R.A.) – Rs. (2000*12) – Rs. 24000/-
Actual Rent Paid – Rs.(2000*12) – Rs. 24000/-
Calculation
The minimum of the following amount shall be exempt
Actual HRA received (2000*12) – Rs. 24000/-
Rent Paid in excess of 10% of salary ( 24000-7200) – Rs. 16800
40% of Salary – Rs. 28800/-
Therefore, Rs. 16800 shall be exempt and the balance Rs. 7200 shall be included in gross salary.
Here some basic data of Mr. Y received from employer. please calculate H.R. exemption limit of Mr.Y.
Basic salary:- Rs.20,180 x 12 month= Rs.2,42,160.
D.A.:-Rs. 11,503 x 12 month = Rs.1,38,036.
C.A.:- Rs.325 x 12 month = Rs.3,900.
The minimum of the following amount shall be exempt in case of Mr.Y.
Actual H.R. received by Mr.Y : Rs.2,000 x 12 month = Rs.24,000.
Rent Paid in excess of 10% of salary(Basic + D.A. + C.A.)=
[Rs. 24,000 –Rs.38,410] = (-) Rs.14,410.
40% of Salary – Rs.1,53,638.
Since figure of Rent Paid in excess of 10% of salary(Basic + D.A. + C.A.) is negative , what amount to be H.R. excepted of Mr.Y.
Mr.RBRai, You are eligible for double HRA or accommodation in lieu of HRA.? Civil servants are eligible for extra facility and same may be true for you. Whenever you occupy govt accommodation no HRA is paid.
Sir,
I am an officer in Assam Rifles under Ministry for Home Affairs. Pay and perks is at par with the other Central Police Organisations. This organisation has been fighting NE insurgency since from its inception. NE Region of the country is our home and hearth. We seldom get posted to other part of the country. I am presently posted in Dimapur, Nagaland since from last one year and a half. My wife stays at home because of there is no one to look after my house if she joins me. I have not been occupying my authorised government accommodation e.i. Type IV quarter in my present station instead I have been staying in a Single Officer Accommodation on a sharing basis with another fellow officer. Do I qualify to claim HRA? If, yes, then under which particular rule it is covered. Waiting for your enlightening. Regards!
I have a query :-
Sir I’m in state govt. teaching department. I’m posted in a interior hilly village. So my family(Housewife+children) lives in the city on rent for education of children. I have a room in village too. So can I get the HRA exemption for the rent paid by me in the city. Please also guide about the categories of cities other than 50% and 40% of salary for the exemption.
Mr.Bhuwan: If you are paying rent more than 10% of the salary, you can compute the exemption amount Else no exemption.
MY ANNUAL SALARY RS410000 INCLUDING DA.HRA RECEIVED ANNUAL RS 22080.ANY AMOUNT OF HRA EXEMPT?
my annual salary=[17000+da18000=35000*12=410000,Annual hra received 1840*12=22080 any hra exept?
Can pensioners avail hra exemption?
Mr.Ravikumar, Use the thumb rule. Whatever is used for granting HRA, use that component to compute exemption/rebate. When the HRA is granted based on percent of Basic, basic pay is the salary.
i am comes under the New Pension Scheme(NPS) for the calculation HRA exemptions what will be the salary includes? either take basic+DA+Grade pay or only basic? please clarify this
Thank you for your reply
Mr.Ashish Jay: As are an employee of Thane no need to change the filing of IT to Gwalior. Your income is from Thane. 2). If you are getting HRA and have the authority to work from home away from Thane, and if your employer is satisfied with the expenses towards rent at Gwalior he can allow exemption as per Section 10(13). If you are not getting HRA you cannot claim any exemption on rent.
I also wanted to know that before shifted to Gwalior i am paying income tax under Thane juridiction. as my office in Thane and now i am leaving in Gwalior which is my area of juridiction to pay tax.. and so My AO(Accessing Officer) is from which city (ward). Thane or Gwalior ?
Sir,
Till last year i am staying in rented flat in thane and company also in thane. They gave me HRA.
But since 1st April 2014, I am staying in Gwalior with parents and give rent to parents and my office still in Thane. I am work from home. Do i entitled to received HRA from employer? As i am not in the same city where office is … Is there any such rule that rented house and office must be in same city?
Mr.Rajesh Sheel: For claiming the rebate you must be staying in the rented house. Also you are already in rent free accommodation. You cannot claim rebate strictly. Assuming you dont have rent free accommodation and paying rent and staying in the house your claim will be rent minus 10%, i.e. rent received which works out to Rs.2500 – 1791.
Sir, I am working in PSU and my Basic Pay w.e.f. 1/4/2014 till 31/03/2015 is Rs.17910/-. I am residing in non-family accommodation (rent free) of my company and company is recovering Rs.100/- as quarter recovery for this accommodation. Being residing in non-family accommodation (rent free) I am getting House Rent @10% = Rs. 1791/-Per Month from the company. But, regarding my child education my family is residing at Shimla on rent and I am paying Rs.2500/- Per Month to the Owner of House under proper agreement and rent payment receipts. I shall be highly thankful if your goodself will advise me that as I am residing in non-family accommodation (rent free) of the company and paying rent more than the HRA amount (HRA received Rs.1791/-Per Month & House Rent paid Rs. 2500/-Per Month), therefore can I save tax on the amount paid for rented accommodation if so how much of amount shall I save in tax. Regards
Mr.Puneeth: It is enough. HRA is not received and hence no income. Between taxable income of 2.5 lalk to 2.70 lakh no income tax is payable.
Dear Sir,
I am a contractual staff working in a govt. research organization in Delhi. My current salary is 2300+30% HRA, Office has alloted me a quarter so for that reason I am not eligible to recive HRA with my salary.
Wanted to know that whether income tax will be calculated on total amount of 23000+30%HRA*12 or only at total amount of 23000*12. also I have LIC & Health policy for which i have paid amount of 18000/-. Please suggest me is this enough saving to save my tax or I should have to have some more savings in order to save tax.
Mr.Prasad: Not the whole amount as you are getting HRA.
Sir, I am working in central government as Clerk. My Office has allotted me a BSNL Quarter after making agreement between my central government office and BSNL Office. I am getting HRA Rs.2500/- per month but I am paying Rs.3400/- per month to BSNL as per agreement. I have already calculate the exempted HRA in my case which comes to Rs.8500/-. My question is as follows:
Do I entitle to get deduction of whole amount i.e. Rs.3400/- under HRA, as this is a BSNL quarter (comes under government)?
Mob.7588180641
Sir, I am working in central government as Clerk. My Office has allotted me a BSNL Quarter after making agreement between my central government office and BSNL Office. I am getting HRA Rs.2500/- per month but I am paying Rs.3400/- per month to BSNL as per agreement. I have already calculate the exempted HRA in my case which comes to Rs.8500/-. My question is as follows:
Do I entitle to get deduction of whole amount i.e. Rs.3400/- under HRA, as this is a BSNL quarter (comes under government)?
MrLeo: NO.
I am staying in metro and paying rent, as well as I am paying rent for my dependent parents in other town…
Can I claim rent exemption in HRA rule for both rental premises.
Yes. You should certify the accommmodation is shared and claim restricted to 50% each, viz., Rs.1000/=
sir,
We both are employed and we are paying a monthly rent of Rs.2000/- . can we both claim 50% for hra exemption
Mrs.Tammy: For non salary people one can claim income tax rebate of not more than Rs.2000/- pm. Collect the rent receipt for Rs.800/= and get full tax exemption.!
Hi,My husband handles all maintenance for a property owner of 36 rentals The owner gives us free rent of a rental property he owns but at the end of the year owner always adds the 800.00 per month rent to my husbands earned income my husband is a contractor and this makes him go into a higher tax bracket when you take 800×12 = 9,600 rent that we actually didnt make? Should my husband be able to exclude this as earned income? Thanks for advice and direction for answers.
Mr.SamH: One have to have the rent receipt to claim exempt as per calculation. In your case, house on lease, you have to collect the fair market value from the municipal/local body of your place who will decide based on the location, house taken on lease.
Hi, my HRA is rs.6,600 per month. I have taking house for lease amount of rs.5 laksh with 11months agreement. can i claim for HRA? is this agreement document enough for my claim or need other document? can i claim full HRA or how much i can claim?
Thanks for your assistance.
Thanks
sam
Mr.Rais, Where is your place of work, in govt or private, gross salary is incl: DA or excl?
Sir,
I have The following details in respect of my salary. Please guide me how to calculate HRA?
TOTAL SALARY 378000
DA 78000
HRA REC. 22000(P.A.)
RENT PAID 24000(P.A.)
Mr.Raj: Your inputs are inadequate. The amount you pay to the company for the accommodation is called rent and not HRA. HRA is the amount one receives from the employer towards accommodation. Coming to your specifics; if you are getting HRA when you are not taking the company accommodation, (calculate the HRA received (financial year), rent paid (to the empoyer for quarter or for the place your family is staying and compute the deduction as per standard rule). If you are not getting any HRA , you cannot claim any relief towards payment of rent (to whomever it may be.
Mr.S.Agarwal:Strictly speaking if you dont get HRA but free accommodation at the place of work that cannot be considered as a perquisite. Accommodation guest house or otherwise can be construed as rent free accommodation. If you are getting HRA and rent free accommodation, you have to pay tax for HRA without any deduction.
Sir,I have been deputed from one location to other location so im shifted my family to my native place(in brother house),earlier i was staying in company quaters and hra deducted by company from my salary and now im surrendered the company quarters and presentely company giving me free accomadation, in this case can i show rent paid of my native place.
In case an employee is occupying the guest house of the employer as accommodation.
What will be the Tax Treatment for the same. whether it will be considered under HRA or as a perquisite.
And to the above answer what will be the Tax Liability for the Employee?
Thank you Sudarshana. This info would help.
Sanjib: You have to indicate the PAN of the owner if the rent is above 1,00,000/= per year; i.e. above Rs.8000/= per month. If the receipt is above 1 lakh per year, pl take a xerox copy of the PAN from the owner.
If the owner is not giving xerox copy or original PAN, the rent is much above Rs.8000/= and the employer is un-yielding no need to worry. You can give these details while filing your IT return and get the refund.
My employer is asking PAN CARD of the owner copy for giving the HRA tax benefit. Is it no that if Owner gives a rent receipt and mention his PAN number + address will do?
Aswani kumar: Not to be included. Those allowances that forms part of the salary for the calculation of retirement benefit is to be included. You should n ot include the DA also unless it is DP (Dearness Pay, treated as Basic salary).
sir,
i m an govt employee and getting fixed medical allowance rs 500 per month. I want to ask whether this need to be included in gross salary for calculating HRA exemption
thanking u
ashwani
You can claim exemption where you are staying and paying the rent out of your income.
I am paying rent for two seperate houses
1. I am staying
2. Where my parents are staying.
How do I claim HRA exemption for the above two cases ?
All okey except definition of Salary; Salary should not be taken as Basic plus DA. DA is a variable depending upon the inflation and can go down or up. Strictly speaking it is BASIC any pay that is considered for payment of retirement benefit etc. In the example Rs.19,000 will be exempt from income tax.
Useful information.
AS PER THE CLARIFICATION I WANT TO KNOW IF ANY COMPANY DON’T GIVE THE DA & GIVE SOME SPECIAL ALLOWANCE, LTA .
SO IN THIS CASE HRA CALCULATION IN BASIC SALARY OR THE TOTAL SALARY (INCLUDING – BASIC SALARY =SPECIAL ALLOWANCE +LTA)
PLS CONFIRM
Individual not get HRA but individual staying with family with rented house so how get exemption from income tax and how much amount eligible for house rent
Hi,
I have changed job in month of May. Left previous company on 9th and joined new on 19th.
My previous employer and my new employer both have paid me pro-rata HRA for # of days I have been with company. But for Month of MAY both firms are not considering HRA exemption in Tax Calculation.
Can I claim eligible HRA deduction u/s 10(13A) for month of MAY when I file returns next year?
Thanks in Advance
Hello Sir ,
I am staying in Mumbai but my family is in vishakapatnam, should I claim both rents or either of one . Could you please clarify .
what is the percentage of BASIC HRA DA OTHER ALLOWANCES is to be divide on gross salary.
I am an employee, I own a home, yet i stay in a rented property in the same city as the home I own. I have not rented my owned property. In such a case is the HRA deduction legitimate and allowable under tax laws?
Sir,
I did not claim HRA rent in previous financial year 2013-14 FY, for some personal reasons and got entire tax paid over. Can I claim the same in pre dispensation for this year.
I am staying in the same rented house as of now too.
Please advise.
As per my Salary Structure Basic = Rs. 12000 p.m.; HRA = 6000 p.m.; Conveyance = 800 p.m.; Supplementary Allowance = Rs. 16200 p.m.
My question is to have the Tax exemption as per IT HRA rules, shall i have to present the Rental agreement along with my Rent receipts. Acually I am staying in a rented house without having the Rent Agreement. And the company is asking me for the Rent Agreemtn along wiht Rent receipts.
Please guide me
Regards
CHANDRA SHEKHAR
i am a salaried employee in a pvt ltd company and getting HRA of RS. 126591 annually, and my company has not deduct the HRA claim due to delay submitted Rent receipts at my end.i want to claim deduction of HRA as i am paying rent for 7000pm as rent & also told me which part is included for salary under HRA(BONUS 46251+BASIC 99465+CONVEYANCE 9600+EDUCATION ALLOWANCE 2400 +INCENTIVE 120). HOW can I claim this deduction under HRA because deduction u/s 10 has not available in ITR 1 when I filled return by online.
Hi,
I am working in an INGO based in Delhi, my salary includes HRA and till Feb 2014, I was living in Delhi in a rented flat. Since March I have been transferred to Kathmandu Nepal, where I also live in a rented flat. I have a queries regarding my Tax liability;
Can I submit my House rent receipts which i paid in Nepal. If not how much I have to pay tax. Is there any exemption slab, my HRA is 18000 per month.
My Salary and other benefits are still paid by Delhi office.
Thanks in Advance
Best Regards
Mudasir
My son is employed & staying in same flat owned by me. He gives me rent .In order to claim tax exemption kindly guide me on following.
1. Whether rent is to be given by cheque only or by cash also allowed.
2. Whether rent has to be given every month or can be given in arrears for say 3/4 months or in advance for say 3/4 months.
3 Whether it is necessary to enter into a leave- licence Agreement or paying guest agreement.
4. Any other care to be taken to ensure tax exemption.
5 The PAN Number is required for total Annual Rent of above 1 Lac. If Rent of 20000 pm is paid for only 4 months in a year then total rent would be 80000 in Fin.Year. PAN is must in this or not.
Kindly guide me
Thanks & Regards
Prakash Shanbhag
9769593432
tell me all pay heads of payroll clearly
Sir mujhe HRA calculate karna nahi aata?
my basic salary 225185 i leave in ahmedabad h rent paid 60000 who deducted HRA Amount on itr my company are not sow to HRA company sow only basic salary
my basic salary 225185 i leave in ahmedabad h rent paid 60000 who deducted HRA Amount on itr
i am retired from armed forces and re employed person. how can I reinvest my retirement benefits through me or my spouse to get maximum tax benefit. Can I form a HUF.
My friend is a Govt Eployee. er Salry is as follows:+
A. BASIC PAY 214320.00
B. DA 112877.00
C. HRA 3000.00
RESIDING IN HUSPENTS PPARENTS HOUSE IN THRISSUR, JOB IS WITHIN 10KM
CAN SHE CLAIM ANY HRA
Hi,
I left my company in sept 2013 and joined new company.
My previous company did not provide HRA benefit in my form 16. Current company has shown HRA for half period.
Can i claim HRA for full Year. what should i do?
Regards
Hi,
My Salary Slip include only 4 items
1. Basic pay + Grade Pay
2. Non Practice Allowance
3. DA
4. CCA
In this case can i claim benefit under section 10 like
exemption for rent paid
LTA
Medical Allowance
Conveyance etc
Thanks
I have left previous employer in the month of Aug’13. Previous employer shown HRA on salary slip but considered as taxable income,
Second Employer doesn’t provided any deduction from slary lik transport allowance, children education allowance and HRA allowance.
Can I get deduct these from total income while doing tax calculation.
Hi,
I have not provided rent receipts to my employer previous employer as I have left that organization in JUN ’13. However, I provided rent slip to existing employer for this quarter as well. Now my previous employer has made HRA as taxable in form 16. Now, can I simply claim HRA exemption through self assessment while filing income tax return or there is any other process.
Hi,
I have not provided the rent receipts to my employer as I had been abroad during the time of submission and I want to claim HRA exemption when I file the return.
How do I now submit the HRA evidence/proof?
Do I enclose it with the ITR-V that I mail to CPC? However, I remember reading somewhere to not enclose the ITR-V with anything else..
This has reference to the new rule for availing HRA exemption. Since I was unable to submit the PAN Card details of my landlord in time my employer has not given the exempton for HRA in my tax calculations for the current financial year. The entire benefit availed by me in the previous months has been reversed and huge deductions made from my salary for February and March.
Pls advise the course of action for me to recover the tax deducted from me on account of HRA.
Sir both of us (husband & wife) r govt employee he plz btaye ki dono ko HRA milega ya nahi plz full details de yadi nahi to condition bataye
Hello Sir ,
I am staying in Bangalore but my family is in Chennai, should I claim both rents or either of one . Could you please clarify .
This has reference to the new rule for availing HRA exemption. Since I was unable to submit the PAN Card details of my landlord in time my employer has not given the exempton for HRA in my tax calculations for the current financial year. The entire benefit availed by me in the previous months has been reversed and huge deductions made from my salary for February and March.
Pls advise the course of action for me to recover the tax deducted from me on account of HRA.
– Ragu
This has reference to the new rule for availing HRA exemption. Since I was unable to submit the PAN Card details of my landlord in time my employer has not given the exempton for HRA in my tax calculations for the current financial year. The entire benefit availed by me in the previous months has been reversed and huge deductions made from my salary for February and March.
Pls advise the course of action for me to recover the tax deducted from me on account of HRA.
Prince
I feel there is something wrong in info… Because you can avail benefit of HRA on basic salary only not on the term Salary…
Loot of Well knowledge for me….
Thank You.. Mr. Tax Guru
Me ,my son & my daughter in law are co owners for buying a house. I am the 1st owner as I have to reinvest the money I got thru sale of other property. Home loan is now raised for balance money by my son & di/l for buying the house . They are asking me to bear a portion of EMI as rental to them.Am I eligible for claiming HRA exemption in this case?
Sir i am recruited as agriculture officer through PCS in Livestock Department D.I. Khan. From April i am transferred to peshawar on temperorary basis but still house rent is deducted from my salary. Is this legal or nor not. as i had been alloted Banglow at D.I. Khan without any requested and orders have been imposed on me from July 2013 uptill now. As i am drawing my salary from D.I. Khan and working in peshawar. kindly guide me on given email address
Azam_180@yahoo.com
Yes, After calculating HRA exemption by considering 3 said conditions of in the Section 10 (13A) and the result of the application of section 10(13A) comes to “ZERO” ie., which ever is lower of 3 conditions of HRA . Then HRA amount exempt u/s 10 (13A) will be “ZERO”
If difference between rent paid and 10% of basic is Zero, then is a person not eligible for any exemption in HRA?
Lets say one’s basic is Rs 50000 and rent of Rs 5000 is paid, then rent paid -10% of basic is zero.What exemption is available in such a case.
Kindly clarify.
Thanks in anticipation.
My annual taxable income is nearly Rs. 12 lakhs. I pay a rent of Rs. 26000/- per month for an accommodation in NCR region and receive a rent of Rs. 18000/- per month for a house owned by me in NCR(jointly with my wife) for which I also have taken a House loan and pay monthly EMIs with annual outgo of Rs. 1,60,000/- as principal and Rs. 2,00,000/- as interest. I receive an HRA of Rs. 12000/- from my employer. Can you provide a calculation sheet for calculating my tax liability. How much house maintenance charges out of the rent received are deductible from the rent received to be shown as income. Which income tax form is to be filed for this?
If the employee gets hra, at the same time he gets free accommodation from company,so the employee pays hra for the rent of her wife living in other city,will he able to get deduction of hra?????
Hi,
I am paying rent at 2 places. I am staying for 4 nights in Pune and 3 nights in Mumbai.
Since Mumbai rent is higher, can i claim that?
Note: I am working in Pune.
Thanks.
I AM A YOUNG MAN OF 28 YEARS OLD I AM POSTED AT KUPWARA DISTRICT (VILLAGE) AND ATTACHED TO SRINAGAR CITY WHAT WILL BE THE RENT IS IT 10% OR 20%
I think rules have changed now. You need to submit landlord`s pan card if you want to take exemption on more than 1 lac. This has affected lot of people where landlord is not ready to give the pan card. What to do in these type of cases?
Regards
Ritz
Is it Mandatory to submit “Rental agreement” in addition to “Rent Receipt” to claim HRA for salaried emp? If i pay HRA more than 8000/- per month.
Is it mandatory to submit Rental agreement though total rent PA is less than one lakh?
Please answer to this…
i am working as contractor. i will get hourly base money.. every month tax will be deducted at source. while filling the returns. Can i use ITR-1. Also how to show my support document for tax saving.. eg, house rent, lic, home loan. i can fill numbers in section provided in ITR-1. but my question is how to send my support document hard copy, while i sent my ITR-V, Do we need to add hard copy of tax saving docs?
Am I eligible to claim HRA Exemption when I stay in company guest house & my family stays in rented house in another city . rental if by me!
Pl. Advice.
Regards
mukul
This has reference to the new rule for availing HRA exemption. Since I was unable to submit the PAN Card details of my landlord in time my employer has not given the exempton for HRA in my tax calculations for the current financial year. The entire benefit availed by me in the previous months has been reversed and huge deductions made from my salary for February and March.
Pls advise the course of action for me to recover the tax deducted from me on account of HRA.
Alok
Hello,
is Hyderabad covered under Metro status?
I am staying in metro and paying rent, as well as I am paying rent for my dependent parents in other town…
Can I claim rent exemption in HRA rule for both rental premises.
I AM A SALARIED PERSON. I AM LIVING MY OWN HOUSE CAN I EXEMPT FROM HRA . CAN I CLAIM MUNCIPAL TAXES OR ONE TIME MAINTENANCE COST OR OTHER MAINTNANCE COST PAID TO BUILDER? HOW THE CALCULATIONS ARE DONE IN MY CASE
In the latest classification of cities for Central Govt Employees or PSUs, Faridabad is declared as Class-Y City but * marked. In the footnote for *, it is mentioned that for the purpose of extending HRA on dependency basis.
My question is that if my place of posting is Faridabad, what class of city will be given to Faridabad for the purpose of HRA ?
Secondly if my place of posting is outside Faridabad and I retain my family at Faridabad then what class of city will be given to Faridabad for the purpose of HRA ?
Dear Sir,
I need a clarification i was working in Chennai till Jan 14 moved to Kolkata on 23 rd Jan 2014 giving rent in chennai and also paying in Kolkata since i made contract in Chennai as well as in Kolkata how to get the HRA Rebate
One more doubt since i have taken furnished accomodation rent is collected in Kolkata on two accounts one for rent and other for amenities provided could you spell out how much possible to claim.
Sir,
I have my own new house in my home town which is not rented . I have my housing loan running. I am working 600 kms away from my home town . I am paying a rent of 2640 in tamilnadu housing board . Can I claim hra exemption.
what is the amount limit upto which any reciept submission is not necessary for HRA deduction from salary in tax calculation
SIR THIS IS VERY GOOD ARTICLE
I AM LIVING MY OWN HOUSE CAN I EXEMPT FROM HRA BECAUSE ANY ONE WHO IS OWNING HIS HOUSE MAINTAIND HIS HOUSE SO MAINTINANCE ALLOWANCE SHOULD BE APPLIED IN HRA
can any one pls suggest
i pay rent of Rs 8100 per month in New delhi, and have given rent receipt & rent agreement to my employer, my rent is less than Rs.100000 per annum, as per new circular of CBDT (HRA exemption of over Rs 8,333 a month will need the landlord`s PAN card details), but my employer is still asking for the PAN card details of the Land lord to which my land lord is not willing to provide the same. (i am from jaipur, Rajasthan, with all ID and PAN card address proof from Jaipur). pls suggest what should I do? or i have to bear this additional tax burden on my salary. if unable to submit the PAN card details to my employer. pls reply
1. What is the maximum limit of exemption in income tax on interest and principal
of House Loan ?
2. I am living in a house which is in the name of my wife. Can I eligible to get house rent exemption under income tax for the assessment year 2014-2015 ?
I have reported all deductions to my employer. But he ask me to claim HRA exemption by myself as he dont know how to calculate it. Now how can I claim them in my Income Tax Return. What documents i need to submit and to whom?
I have reported all deductions to my employer. But he ask me to claim HRA exemption by myself as he dont know how to calculate it. Now how can I claim them in my Income Tax Return. What documents i need to submit and to whom? If deductions of HRA are not mentioned kn Form 16 then how to claim???
dear sir,
is bonus also calculated in salary for HRA EXEMPTION
Is there any ceiling of exemption on HRA u/s 10(13A), such as Rs.24000/- per annum?
I want to know about tax benefits in case of plot loan .is plot loan and home loan are same benefits
If tenant pays Maintenance charge of flat, can that be claimed alongwith Rent for HRA?
I have stayed joined the central government organisation and stayed 2 months in its guest house for which i have paid the requisite rent. After that I have been provided the government quarter by the office. Now my question is that am I eligible to get the HRA for the period of two months which I have stayed in the guest house. If Yes then please refer me the required O.M. or Circular/ Order etc. of any central government office.
Sir,
For FY 2013-14, I have stayed in rented accommodation for only 8 months at a monthly rent of Rs 12000. For the purpose of maximum HRA exemption limit, will the computation be done on a monthly basis or annual basis?
Example- For my case, the monthly HRA comes out to be Rs 8800 but I payed rent of Rs 12000 for 8 months. So shall I claim exemption of 8800 * 8 = 70,400 or shall I claim 12000 * 8 = 96000 ?
Sir
in continuation of my earlier mail I have not disposed off the old flat I intend to keep the flat for let out purposes.
Sir
My self and my wife are central government employees we have a two bed room apartment which was purchased in 2002. Now in 2013 we have purchased a 3 bed room apartment (50% share each) and I have taken a loan of rs. 30 lacs. The loan was sanctioned on September, 2012 we were paying pre-emi for the amount of Rs. 2223250.00 which was released on September, 2012. In October, 2013 the final/remaining amount of Rs. 776750.00 was released. I will be shifting to the new house in the month of February – March, 2014. During the financial year 2013-14 the bank has given statement of interest paid and principal paid as under:
Interest Part – 292137.00 and Principal Part – 25446.00
Now I have the following queries
1. can we take the full benefit of principal and interest of both husband and wife at 50% share for income tax purposes. as interest also includes pre-emi interest also as the final loan amount was released in the month of Oct., 2013.
2. what about other income tax rules which I have to follow.
Reply to the above mail is needed urgently.
Hi,
I have a question below:
Suppose if I have changed a company and joined an another one during the financial year 2013/14, I am eligible for an HRA exemption of only latest company or from both the ones. I have not submitted any rent receipt/aggrement to my previous employer while leaving.
Thanks,
Nirav
sir ,i m central govt employee transferred from delhi to assam getting double HRA . what is the rule GETTING REBATE ON BOTH HRA?
Sir,
I am working in corporate world and get the basic salary Rs.156600.00 + 60% preks total CTC is coming Rs.250560.00.
I crave to know will i pay income tax or it is exempted.
CALCULATION OF INCOME TAX FROM FOLLOWING EXAMPLE-
BASIC-15000
GRADE PAY- 5000
DA- 80% OF BASIC+GRADE PAY
HRA – 10% OF BASIC+ GRADE PAY
RENT PAID Rs 6500 PM.
CITY – VILLAGE AREA
GPF – 4000 PM
TA – 400 PM
ARREARS OF SALARY IN GPF – 25000
PROFF. TAX – 2500 ANNUAL
HOME LOAN PRINCIPAL- 40,000 ANNUAL
HOUSING LOAN INTEREST – 10000 ANNUAL
INSURANCE – 10,000 ANNUAL
PLEASE GIVE EXACT DETAIL CALCULATION FOR TAX COMPUTATION
There is a difference between salary and basic salary and in calculation for tax benefit for HRA only basic salary is considered but in example this is not the case, a confusion is created please check it and hope to get my doubt clear. Thank you.
sir i am a central government employee but i am not getting hra due to i am not married and me and my family leaving in rent house. but m paying 5000 per month….
so i want to know what should i do
and if i can fill itr thn where i will show this amount
and what document i should produce
plz inform me sir
thanks Regards
Rahul singh Panwar
A) Details as per your article –
Can I pay rent to my parents or spouse to avail HRA benefits?
You can pay rent to your parents, however, they need to account for the same under ‘Income from other sources’ and will be entitled to pay tax for the same.
B) Sir, their above income should be declared under “Income from House Property” ??
Please clarify
Dear Viral,
If rent paid is more than Rs. 1lac then the pan number is compulsory.
One of the best and very informative post on TaxGuru. Simple and knowledgeable.
I am working in an organisation, which is deducting 10% as HRA and provided residence quarter inside campus. Organisation gives 10% HRA and takes 10% HRA from the salary. Whether I am eligible for exemption of HRA?
Sir, i am working in punjab state transmission carporation ltd and my wife working in health department in same city and living in our own house. Please tell me can we claim House Rent both husband and wife.
please tell me priscribed limit of house rent allowances
sir, please help me l am doing a orivate job my basic salari is 49000 oer month and 1000 permonth conveyons 10000 hra per month 780 pf deductiin that means total salary is 60780 per month. I submitte rent receipe of 10000 per month. How much will be the rebate on hra please suggest
Though I hold a property in Kolkata .I pay rent to stay near my daughter’s school in Kolkata. I had taken home loan against my property, had taken complete tax benefit for the same last year itself. Can I claim HRA
and House loan for Tax exemtion in my name?
plz answer , if a person’s father is died and he took loan for constructing his house of 20 lac fro a bank (Hdfc) before death and then after his one son is handling father’s shop one is eng and also having two younger sisters even then bank is taking bank has made 34000 EMI for every month upto nine years where 20000 is the interest only how can a person lead its life can please tell us any rule for which the EMI can be lower down for the same time period .I will be very thankful .
Please ANSWER Please ANSWER Please ANSWER Please ANSWER Please ANSWER
pls tell me if I live in a rented house with my parents, in which my retired father is the tenant in te lease deed, BUT i PAT THE RENT EILL I GET THE DEDUCTION?
Though I own a property in Kolkata, I pay rent to my parents in Kolkata and stay with them. My property is vacant. I had taken home loan which I closed last financial year and had taken complete tax benefit for the same last year itself. This year I have no home loan. Can I claim HRA for the rent I pay to my parents despite the fact that I have a vacant flat in my name?
sir I am government employee and staying in government quarters and the whole amount of HRA is deducting from my salary. shall i get HRA exemption under section 10 [13 A].
sir I am staying in govt quarter and the whole amount of HRA is deducted from salary shall i get hra exemption
i am govt employee my basicsalary+ da 482498rs govt paid hra rs 1575 per month for deduction hra from total income how much house rent receipt submitted
My office in kolkata, I have a rented house, their my all family & parents are settled i get HRA exsumpsion benefit. but My work location is villai, their company provide me “RENT Free” accommodation & every month they Rs – 20000 in my account for additional house rent purpose. This additional HRA is taxable?
Pls clarify me.
dear sir,
my salary is 26400.00 per month and basic annual salary is 158400.00, so what amount i can show as a house rent- actual rent i m paying is 7000.00
I am Working in Chennai and staying in my flat in Chennai. Myself & my wife are joint owners of this flat. Can I claim HRA exemption in this case?
can you Please inform me whether Surrender LEAVE HRA is EXEMPTED from INCOMETAX or not
Dear Sir, Please inform Surrender LEAVE HRA is EXEMPTED from INCOMETAX or not
Dear Sir, Please inform Surrender LEAVE HRA is EXEMPTED from INCOMETAX or not
Is the maintainance cost included in the HRA ?
I have rent receipts of actual rent and Maintenance receipts from society directly where i have rented the house.
Is Maintenance cost accountable against HRA?
thanks in advance.
My employer is pressing me to provide PAN details of landlord. To inform you, I am paying rent of Rs.8,500 per month & my landlord is not willing to provide his PAN details. As confirmed by him, PAN details are required only if rent is more than Rs.15,000 per month. Kindly advise what is the remedy available to me in this case.
Sir,
I am working as Consultant on temporary basis @ a remuneration of Rs.25000/-as consolidated from 2007 onwards, initially for 1 year and subsequently enhanced the period for next 1 year. i am working on full time basis as per order and no other work is undertaking.
My question is can i avail Rs.2000/- as HRA under income tax rule and if so what are the formalities to be followed.
Dear Sir, Please inform mewhether Surrender LEAVE HRA is EXEMPTED from INCOMETAX or not MUTHUSAMY.N
gconnect par salary=pay+gp for nps(old pension scheme)
salary=pay+gp+da for nps(new pension Scheme) employee for Income tax
rent rebate k liye pay+gp+da only for NPS employee
for old pension ke emp ke liye pay+gp only
please tell me
for what purpose 10% on BA+DA is being deducted from actual rent paid even though I pay it.
my salary particulars are as :
Basic pay: 37400
Grade pay: 9000
DA: 33408
House rent paid: Rs.13000 per month
Actual HRA received:9280 per month
please advise what will be my HRA exemption?
Jagvirdixit@yahoo.com
sir,i paid home loan interest Rs.113000 which is not at the place of service. I paid Rs. 72000 (6000*12) as rent at the place of service . I recived Rs. 144000 (12000*12)HRA,from salary. My salary is Rs. 113000 p.m. including DA, HRA, etc. Can i get exemption from IT both i.e. home loan interest & actual rent paid. If yes Pl. calculate & suggest me by which section of IT this exemption is. Thank You.
I am a state govt employee.The Govt.give me a Quarteres. and I have to pay License fees as per rule.whether license fee is deductable from salary like HRA in case of rented house or not? Please clarify.
what is impact on my tax calculation.
Hello Sir / Ma’am
Can i claim interest on home loan & HRA benefit within same city, if house is not self occupied. for which home loan have taken.
Also please suggest that current company can consider for issuance of Form 16 & TDS deduction.
Regards
Manoj
Hello Sir / Ma’am
Can i claim interest on home loan & HRA benefit within same city, if house is not self occupied. for which home loan have taken.
Regards
Manoj
Sir I m central govt emp. my basic pay is
1. Basic Rs 678640/-
2. DA =Rs 441584/-
3. HRA received=Rs 135728/-
4. Actual house rent paid= Rs 180000/-
Is there any amount which can be exempted from from income tax. please calculate my ddo not giving any exemption.
I am a state govt officer.The Govt.give me a rent free unfurnished accommodation. and I have to pay License fees as per rule.whether license fee is deduct able from salary like HRA in case of rented house or not? Please clarify.
what is impact on my tax calculation.
I am staying in company accommodation. Company is calculating perks for housing accommodation and company is not paying any HRA to me.
I want to know whether HRA amount can be deducted from housing perks calculation. Pl mail me at parira_ak@rediffmail.com
I m employee of Postal Dept. My pay details are as below
Basic 12340
DA 8885
HRA 1234
Actual rent paid per month Rs 3500/-
Can i get exemption from income tax?
If yes, under which section? and approx. amount of exemption?
which document require to submit at our A/C office
Dear Sir,
I am paying home loan. At the same time I am getting rent from my own house. I am getting HRA from my hospital and staying in a rented house given by hospital. My query is whether the ammount of rent I am getting is taxable?
hi,
I am working in Bangalore while my dependent parents are living in other city. I am paying rent for both the house as i am the only earning person. Is there any way by which i can count the both HRA in my HRA calculation for taxation purpose?
Thanks in advance.
I am a state govt officer.The Govt.give me a rent free unfurnished accommodation. and I have to pay License fees as per rule.
what is impact on my tax calculation.
Can we claim both HRA and interest on the letout property for the same city.. currently i am staying in the rented house
and the flat owned by me also been rented.. and both exist in the same city.? and how to calculate the Municipal Valuation
and Standard/Fair Rent in North bangalore area?
The above said article is relevant for Central Govt Employees also?
Is there any separate HRA rule for Central Govt Employees?
if an employee is showing that he is paying Rent to his wife then what is the position of employer while deducting TDS, should the employer is liable to give him credit of HRA exemption or not.
is there any rule in income tax act for the same?
Is there any condition as to how much amount is to be paid as rent. Receipts are compulsory to submitt or there are some exemption of certain amount.
hi,
seek help from the experts on HRA calculation exemption on following issue:
1) April to september
basic- 7500
DA- NIL
Commm.- Nil
rent paid- 7000
HRA received- 10000
2) October to March (Salary increment given retrospectively w.e.f. 1st April of relevant previous year and arrears of basic and HRA received in October)
basic- 12000
DA- NIL
Commm.- Nil
rent paid- 7000
HRA received- 12500
let me know exemption details with detailed calculation on HRA
thanx for your support
Dear sir
could U pls explain the HRA rules for the employee working in the textile (spinning) mills
percentage of HRA for above employee,minimum and maximum percentage
i am a salaried employee in a pvt ltd company and getting HRA of approx 1lacs annually, and i want to claim deduction of HRA as i am paying rent for my stay in hyderabad, as m paying 7000pm as rent but my landlord is not willing to give me rent bills in this case what can i do for caliming deduction?
SIR, I AM CL-1,STATE GOVT SERVENT, IN MAHARASHTRA,. GOVT HAS ALLOTTED ME A DESIGNATED QUARTER IN CAMP, WHICH IS RENT FREE BUT DESIGNATED ONLY FOR MY POST.2)IN THAT QUARTER A LADY MEDICAL OFFICER IS RESIDING WITH HER HUSBAND,WHO IS POSTED NEAR BY TO OTHER INSTITUTE. OF SAME POST OF MINE.NOW I AM RESIDING IN RENTED HOUSE AND ALSO AVAILING HOME LOAN BENIFIT–3) KINDLY ADVICE ME CAN I CLAIM H R A AND IF IT IS PERMISSIBLE KINDLY TELL ME THE IT-RULE NO.
R/s
Sir i am a state govt. Employee and my wife is central govt. employee she takes a house rent allowance but i does not received house rent allowance. we both are living in own house. can i also received house rent allowance please suggest me. if i am also eligible for house rent allowance then which govt. order number & date.
regards
Anish Bhusari
9827331747
I am a pensioner and aam staying in a rented house.Please advise if HRA exemption is available to me.
Mr X is an employee in a PSU. He is posted at Kolkata and residing alone in Company Guest House on payment of G.H.RENT and drawing HRA. His family is residing at Chennai in a seperate rented accommodation.Please confirm if the rent receipt of Chennai can be produced by Mr X for his tax exemption on HRA.
dear sir
i m govt employee and drawing technical allowance with my salary. Is the technical allowance is exempted from tax, if yes pls suggest section.
regards
avinash singh
8143187223
dear sir
i have taken home loan for self occupied at my home station and claiming under 24(b) , i am working in visakhapatnam, can i take exemption under section 10 also for my HRA.
pls advice me
avinash singh
8143187223
Dear sir I have a query.
I am in scondary education and my wife is in basic education department. In what conditions I and my wife both can claim for exemption in HRA.
Please reply to my e-mail.
Dear sir I have a query, I am in secondary education and my wife is in basic education department. In what conditions I and my wife both can claim for exemption in HRA.
Regarding HRA, I am having home of small of 180sq ft in my name and I have taken a another room for rent becz of small space, Can I claim HRA for room rent paid… I am regular tax payer of Rs50000/- per every year
Hi i stay in gurgaon NCR, does it come under Metro
If HRA claim amount is more than Rs15000/-, PAN card of House owner is required to attach????/
As of April 2012 is it compulsory to give the PAN number of the Landlords for the Tenant to claim HRA?
I understand this example of HRA calculation on salary, so thanks for this
Hi,
I actually pay rent for my self in bangalore and for my father in Indore(MP). I was going through some post on internet, where it says that if you pay rent for your father, then you can declare that also as part of HRA.
Suppose if i pay rent 15000 p.m. whre i stay in bangalore.
And i also pay rent 7000 p.m. to my father where he stay in Indore (MP).
Can my sum 15000+7000=22000 be declared as HRA in my TDS.?
Thanks,
Vinay
What would be the situation when 10% of basic Salary is more than the actual HRA received.
in salary income if the employer is giving HR to Employee & emplyee having a hosing loan then we get deduction of both HRA & Hosing loan or not
Hi There,
Just need some help please. I had submitted the rent receipts to my company which got rejected since they were higher than 15k per month and I did not have my land lords PAN. Is there now a way to directly claim HRA benefit from the income tax. I think an additional amount of 20k got deducted from my salary. Please help!
Thanks,
Kritika
Will i get the HRA rebate if my house is owned by my spouce and he/she is not living with me.
if some one gets 701460/ annually and 32298 as HRA and then the receipt of house rent of how many rupees should be submitted. plz mail me me asap thanks
Whether mumbai suburbs, thane district and raigad district are part of Mumbai metro for cliaming 50 % HRA exemptions ???
Whether mumbai suburbs are part of Mumbai metro for cliaming 50 % HRA exemptions ???
If husband and wife have earning separately (equally) and have rented an accommodation. Can they split HRA exemption and show half – half ?
i want a format for hra deduction under section 10 13a
how much the persentage of hra exemption if i live in noia or ghazabad
ek employe apni patni k sath rahata h.lekin her sal hra pr tex seving k liye apni patni k nam ghar ki rent reciept lagata h.kya aisa rule h?kya uski patni ko house tex bharna chahiy kis niyam se .yadi vo rent tax nahi bharti h to koi aur kis trh kahan usk
I work in Chandigarh and living in a rented house in Chandigarh. I have bought a flat in Mohali (actually Greater Mohali, outers of Mohali around Kharar). The distance of my flat from office is approx. 15 Kms. The construction for my flat has completed and I have got possession in January 2012. But I am still living in my rented accomodation in Chandigarh and planned to occupy my flat after 2-3 months. I have the following questions:
1. Since Chandigarh, Mohali and Panchkula is considered a TriCity area – is mine the case valid for owning house in another city from the city where I am employed? That is can I claim tax exemption on principal repayment at the same time as I claim tax exemption on HRA?
2. My own flat is lying vacant for self occupation after 2-3 months and I do NOT own any other house/property. That is I own only one house property. So is my case considered as “deemed let out”? I read that only if an individual owns more than 1 houses, then additional houses are considered deemed let out even if not actually rented.
So the question is what is my liability for income from house property – 0 or the notional rent value as in deemed let out case?
3. The interest paid for home loan in current financial year is 165000 and 20% of pre construction interest paid is 11000. Can I claim tax exemption on complete 176000 (with no upper cap of 150000) because it is not a self occupied property? and if the rental income = 0 (because the house is lying vacant) can I claim exception on the complete interest figure 176000 (-0 rented income)?
4. I had booked/purchased the flat in March 2009 but got in transferred in my name now in March 2012 (after possession was offered by the builder). Can I claim under section 80C for the stamp duty and registration fees paid for transfer of house in my name? Why I in doubt here is that the provision says that one can claim this exemption under 80C in the year of purchase of house. I purchased/booked the house in March 2009 but paid for stamp duty and registration fees in March 2012 after the possession was offered in Dec 2011.
For computation of HRA, Vashi (Navi Mumbai) shall be considered as a Metro city or a Non-metro city? I think just like New Delhi, even it shall be considered as a Metro City. Request professionals to comment.
The Calculation of rent 10% minus basic is wrongly calculated .
Verify.
DA will also be added
Sir I m central govt emp. my basic pay is
1. Basic Rs 406940/-
2. DA =Rs 207032/-
3. HRA received=Rs 40694/-
4. Actual house rent paid= Rs 60000/-
Is there any amount which can be exempted from from income tax. please calculate my ddo not giving any exemption.
I am a employee of govt. of Assam. I have received HRA Rs.17728/- yearly and I live in own my house. Shall I Income Tax rebate house rent same amount ?
plz tell me that iam residing in govt acommodation can i deducted my house loan from my income .
I STAY IN COMPANY ACCOMMODATION AND COMPANY DEDUCT HOUSE RENT RECOVER FROM MY SALARY. CAN I CLAIM UNDER SECTION 80 GG
I STAY IN COMPANY ACCOMMODATION AND COMPANY DEDUCT HOUSE RENT RECOVER FROM MY SALARY. CAN I CLAIM UNDER SECTION 80 GG
I STAY IN COMPANY ACCOMMODATION AND COMPANY DEDUCT HOUSE RENT RECOVER FROM MY SALARY. CAN I CLAIM UNDER SECTION 80 GG
This is nice site that is so helpful to every body. Hera is a doubt from my side. A govt. employee is claiming HRA and H/loan simultaneously saying that, he is residing in rental house and his own house was occupied by his parents. Own house is located in the vicinity of 15 kms.
Can he claim both in this instance. Kindly clarify thro mail.
Is PAN details of landlord compulsory for claiming HRA ?
Is PAN details of landlady compulsory for claiming HRA ?
If you will pay 15000/- Or excess then Compulsory
I am a central government employee and residing in my wife’s house who is also acentral government employee in the same station. I have accomodated my dependent parents in a rented house in the same station. Is the rent paid by me, for my dependent parents, is eligible for claiming exemption?
Sir, I get monthly HRA due to own house in delhi and I have not income from own house and I also paid annualy MCD property tax. Please intimate ,Can I get any relief from MCD Property tax in income tax calculation from salay. Thanks
Sir, I get monthly HRA due to own house in delhi and I paid annualy MCD property tax. Please intimate ,Can I get any relief in income tax calculation from salay. Thanks
MY. TOTAL HRA IS 27600 &
MY BASIC PAY IS 160960 &
G.P IS 55200
& DA IS 105277….
WHAT IS MY HRA exemption? PLZ ANS I M CONFUSED,,,PLZ HELP
Sir,
My wife is teacher in DTE Of Edu. Reg. HRA exemption, my wife was submit rent agreement with rent receipt of 11 months between her name and my mother name. (1) Please advise me she was eligible for HRA exemption. (2) If eligible, what about the document required. (3) Owner was a window and get family pension of Rs. 8000/- and she was not having PAN Card/Electricity BIl/Water Bill etc. (4) Govt. official required all these document (necessary), please advise me these document are mandatory reg. tax exemption of HRA.
Thanks
my employer is asking me to produce rent agreement. but i donot have that. How can i claim for HRA rebate
i am a ap govt. employee my quiry is am i claim the maintainance and property tax amount towards my own house? kindly suggest in this regard
I m drwaing and disbursing officer. I want one clarification related to HRA Rebate.
If leave and license agreement is on Husband’s name and rent paid by both Husband and wife. then is it admissible to grant tax benefit to wife, as far as HRA rebate is concerned?
If tenant pays Maintenance charge of flat, can that be claimed alongwith Rent for HRA
can i submit original receipt along with my income tax details
In the IT exemption the original receipts required for submitting
I had a quiry…
A salaried person taken a Property in Kalyan and given on rent and he is living in Bhiwandi on Rent …..
Can he show both the benifits…….? do he had to show the income of the rent of Kalyan in the Gross income. show me the calculation…….
i am a central govt employee in m.e.s. presently posted at leh.here i draw special compensatory remote locality allowance@2000/- &special duty allowance @12.5% of bp.is there will be any tax benefit for the same while calculating income tax.
Hi,
i am software engineer, my company demanding landlord pan for the rent i pay 17000/-. landlord is not producing his pan and also he is residing in US from long time.
Please reply me the solution of this problem ASAP.
Also is this mandatory to give PAN of landlord for getting benefit of HRA? is this new ruling?
Thanks
Shikha
Hello sir, I have quick question wrt to HRA.
Can I pay rent to my Father? he is not a actual owner , he is broker who collects all rent from us and pays to actual owner.
I will give 20000 Rs to my Father as rent but actual rent may be some 10000 he give to actual owner, so in this case will 20000 comes under tax exemption for me?
Hello Sir,
I would like to know one thing after calculating the least amount of the above 3 rules which u had specified,how to decide the rent amount?
Thanks
hello sir my basci pay 13910 Rs i am taking HRA 2781 , but i am paying home rent 4200 RS it is admisible for Income tax
i am paying rs. 20000/- p.m. towards hou7se rent but not getting any HRA from my employer how much exemption I can claim in income tax . pl. help me
I have query
In case a person occupied two rented house, one at where he is employed say as Mumbai and another at place where his/her family is residing say at Surat and where he/she visits at weekend, whether the entire rent paid by him/her is considered in calculating HRA exemption. Any Reference case law or circuler in this regards.
Dear sir,
There is a requirement of disclosing PAN of the landlord if the rent paid is in excess of Rs 180000PA .[As per latest CIRCULAR NO. 05/2011, para no 5.2(9) issued by CBDT]
Sir,
Due to some legal reason’ the agreement of my flat on the name of my elder brother, but he is not staying with us. all actual rent and others paid by me. I m getting 5700 HRA PM and paying 5500 PM. so can i get HRA exemption.
Please explain how?
Thanks M Junaid
I have a query :-
In case a person occupies two rented accmodations, one at the place where he is employed say at Haridwar and another at place where his/her family is residing say at Delhi & where he/she visits periodically, whether the entire rent paid is eligible for calculating HRA exemption. Any case law or circular on this issue.
Is it necessary to give PAN of landlord to get benefit of HRA?
Can You Tell About HRA Full Meaning?
& What HRA ?
whethere there is need to give PAN of land loard to get benefit of HRA. whethere there is any moneytory limit regarding PAN to get benefit
whether there is need to give land loard PAN to get HRA benefit. whethere there is any monitory limit to give PAN
Hi
Can both the working spouses(same company) claim HRA tax benefit separately
sir
i m constable in rajasthan police ajmer district. sir mera attchment transfer date 30- jan 2011 ko police station gegal se ajmer sp office ho gaya tha. actullay gegal rural circle me hra 10% milta h. muje proper ajmer m 11 month ho chuke h. kya after 6 month muje ajmer city ka 20 % hra mil sakta h. agar milta ha to kis rules se. plz send me zerox cpoy of hra rules. thanks
HRA IS 40% FOR NON METROPOLITIAN CITIES AND FOR METRO ITS 50%
THIS IS AJMER SO 40% U CAN TAKE AS PER OUR INCOME TAX ACT…
SO HIKE OF 10 OR 20% IS NOT ARISING IT DEPENDS ON UR SALARY WHICH U EARNED.
My basic salary is Rs48790for a month and subsequently receiving Rs25000/ as house rent allowance, i am paying Rs20000/- pm House rent.
please tell how much amount will be taxable
An employee leaving in rented house since his construction is not yet completed. henc he is claiming both HRA as well as Housing loan. Pls let me know what is rule appliable
1. Till how many years can he calim both hra as well as housing loan
hi,
if a married female receives an HRA, can she pay the rent. if the house she stays in after marriage belongs jointly to her husband and uncle in ration 50/50.
Can she pay rent to her husbands uncle and claim HRA deduction of only half rent which she is paying to her husbands uncle.
Pls advice
Thanks !!
Dear Sir,
I get annual salary of Rs. 1140000/- and paying 7500/- House rent per month.
Can I get any relief in incom tax?
Regards,
Alok Dixit,
Batala (Punjab)
I have a house property which is let out and income is being charged as rental income. I stay with my parents and pay rent to them in the same city. Can I claim hra benefit? Thanks!
SIR,
HERE IF HRA IS BASED ON BASIC SALARY THEN HRA FOR ILL.B WILL RS.550 ( 25% OF BASIC SALARY)
An Employee getting the following from Apr 10 to Dec 10
Illustration-A
1. Basic 1000 + DA 250 = 1250
2. HRA = Rs.500
3. Actual Rent Paid = Rs.700
In this case the employee eligible for HRA of Rs.500 (least amount)
The same employee getting the following from Jan 11 to Mar 11
Illustration-B
1. Basic 1100 + DA 275 = 1375
2. HRA = Rs.550
3. Actual Rent Paid = Rs.700
In this case is the employee eligble for Rs.550 or Rs.500(as per the Illustration-A)
Since the employee may not pay the Increased HRA (of Rs.50) to the Owner of his house.
Kindly clarify
Ramesh P.
can I claim HRA exemption and Housing loan deduction in the case of my family stay in my own house at other city.
does this mean that you have a house property……..? if so deducton will not be avilable
dear sir,
My question is : I Rented in Govt Employee House, in past 3 years ago, only one room is taken to 14*10 Size, i given to rent is 1500/- p.m., (at present my HRA is 1898), but sir, in this running month he told to me your RENT is Increasing, so sir please give me my reply , is Actual Rent I given to him in just future.
thanking you.
I stay in a rented house which is near to my workplace. My family live in Metro in rented home which is paid by me. I do go every weekend to meet my family. CAn I get HR expemtion for both the houses rent or not or will I get only for one house?
Dennis
IF AN EMPILOY WANTS TO TAKE REBATE FOR HIS RENT PAID BY HIM . WHAT SHOULD THIS EMPLOY PRODUCE DOCUMENTS TO THE EMPLOYER FOR THIS REBATE !
SAY PANKAJ BANSAL LDC GOVT GIRLS SR SEC SCHOOL GANGAPURCITY DISS-SWAIMADOPUR, RAJASTHAN 9950622028
in salary income if the employer is giving HR to Employee & emplyee having a hosing loan then we get deduction of both HRA & Hosing loan or not
please send me format for rent sheet (payee) for tds because i am living in rented house. i have not format. my landlord has also not this format.pls send me on
deep230596@gmail.com
o8958033555 par call care
is a central government employee bound to stay within 8 km
from the place of his posting/headquarter
No Such Rule
If employee have houseing loan and he/she is staying in some other city where he/she is paying rent too, how to consider in income tax calculation
whether an employee need to give the PAN no of the person to whom he is giving rent to claim HRA
whether thane city consider as part of mumbai(metro city) for HRA calculation?
IF IAM STAYING IN MY MOTHERS OWN HOUSE FOR RENT, CAN I CLAIM FOR HRA EXEMPTION
sir,
my sister is software engineer.she gets hra & her hr is demanding lanlord pan. landlord is not producing his pan. so plz reply me the solution of this probem as soon as .
tahnk u
Sir ,
I want to know what is the max. limit of HRA rebate allowed in terms of amount.ie is there any limit on 50% basic ?
Sir,
I stay in my own flat. Can tenant and owner stay in same flat? I will declare income from rent in my IT returns and also claim tax rebate on the interst paid for the homeloan.
if the HRA received & 50 % of salary is same amount what is the calculation
Pls clarify if Grade Pay is to be taken into calculation for the purpose of salary for central govt. employees while determining the exemption of HRA?
Madan
Do we have to have Rent Agreement to get exemption or we can get it by providing Rent Receipt only??
Is there any document require of the opposite party like TDS or anything??
Please guide me.
I own my house, but it is under repair, I get HRA from employer Rs.3,000/- p.m. can i claim exemption of HRA.
Is grade pay included in the salary for calculation of exemption of HRA from income tax?
Pls advise.
All are welcome to throw light on this.
Madan
I heard that Rs. 3000/month can be showed as House rent without producing Bills and House Rent Agreement. Can you please me know how true this information is?
Sir,
I am receipt of HRA as per my service condition and counted as income as a part of salary income because of living in self house in my name. I used to spend few thousand for petty repairs on it. Whether the repair amount is admissible for HRA. pl advice.
I have a flat in Bangalore registered jointly in the name of my mother and my wife. I am a central govt employee and moving into bangalore. I wish to stay in that house and like and give rent to my mother by cheque and get a receipt. My parents are not living with me and they are living in other place. Can I draw HRA and claim deduction for the rent I pay?. How much will be applicable?
-AP Kannan
Hello Sir,
I have recently purchased a flat and have paid up about 1/3rd of its value and the balance is to be paid up in the form of EMI’s for 5 years with interest to the builder. Would I be entitled to claim u/s 24 and section 80C of the Income Tax Act.
Hi,
You can claim the HRA benefit and to claim the Interest you need to occupy the house once the construction is complete. After occupying the house the interest paid till date can be claimed for the next 5 yrs as 1/5 of the amount.
Hello Sir,
I have flat at Chennai and is about 6 km away from my duty place. It is under construction and iam staying in a rented house. i have availed home loan and paying EMI. Can claim both HRA exemption and avail the interest component benefit since the flat is under construction and iam staying in a rented house
pls heplp me for it deduction interest on housing loan. i have lic 100000/- & i have pay interest on housing loan 88000/- my total exemption is 188000/-for it dep.
Hello Sir,
I have a query related to home loan & HRA claim. Sir, I have booked a flat in Supertech, Noida Extension (Basically it is in Greater Noida). I am staying on rent in Sec-71, Noida. Construction did not start yet and I am looking for home loan. Technically, distance from my rented place and this supertech flat is only 8 km. Am I eligible to claim HRA & home loan both and how to claim it?
Thank you,
Shalini Singh
My income is under the tax exemption limit. So when I am filling the ITR-1 form, in section 23, do I need to fill the employers details if there isn’t any TDS deducted from my salary ? So in that case if my form there won’t be any information of my employer, so will that do ?
I am a central govt employee. I have two queries :-
(1) I have received HRA dues for the period Jul-Mar 2008 in the FY 2009-10. I have also received HRA for the period Apr-Oct 09 in the same FY year. My query is whether I can claim exemption of HRA for both the periods in the IT Return for the AY 2010-11? ( I believe I should be doing so because I have received the dues in the current FY, but a confirmation from your side would be welcome)
(2) I would like to know at which para/place in the ITR-1 Form do we need to mention the HRA exempt income and secondly are the details of the calculation of HRA exempt income, to be attached as a separate sheet to the ITR. If so is there a particular format for the same? I have calculated the details month wise because of change in basic pay and D.A. during the year.
Thanks in antic
Read more: https://www.taxguru.in/income-tax/house-rent-allowance-hra-taxability-and-workingcalculation-of-taxable-hra.html#ixzz0ts72F9fu
1- I HAD FILED MY ITR II FOR FINANCIAL YEAR 2008-2009 ON 30/07/09 AND I WAS TO GET RFUND BECAUSE OF MY HOME LOAN AND RELIEF U/S-89 BUT I HAVE NOT RECEIVED REFUND TILL NOW AND IF I FILE REVISED ITR II FOR THE SAME THEN WHICH FINANCIAL I HAVE SELECT AND WHAT ABOUT THE INCOME FIGURES ,WILL IT SAME AS IN ORIGINAL ITR OF 2008-2009.
2- I DID NOT DECLARE MY HRA TO MY EMPLOYER IN 2009-2010,NOW I WANT SHOW ALONG WITH ITR THEN WHERE TO ADJUST HRA FIGURE IN INCOME.
HRA calculation/exemption
My break up of monthly salary is Basic 29400 HRA 11760 Others 15300. In the previous year I was on unpaid medical leave for about 4 months and did not get any salary during this period. But I had to pay my rent for the full year for the house where I stay which is Rs 9500 per month. Can I claim exemption for the full year or what amount is eligible for exemption.
You can reply on my email also.
Regards,
Natarajan
a person live in uttrakhand how much deduction can he take from HRA
hello, i have a query:-
if any employee receive HRA from his employer,is it essential to submit the rent receipts by employee to his employer for claiming exemption for HRA u/s 10 of i.tax.?
hi
i have a query my client is receiving hra of rs 66999 p.a and he is paying rent of rs 9000 to his father the house in which he stay is of his father here can he claim exemption for that u/s 10(13a) or he should go for deductation of rent paid u/s 80
Can employee claim exemption of hra if he is staying in a hotel and produce hotel bills for exemption
I am receiving house rent allowance and am not paying any house rent since I reside with my parents. Kindly let me know the Tax aspect on the HRA received by me.
i have a quer about some shares transcations…
i have purchased shares of gtl infra ltd. and shown as closing stock as on 31.03.2009 (as business ead applies in shares) and in june 2009 i got 60 bonus shares.
so i want to know that these bonus shares are part of my investment (say capital gain / loss head applies) or it will be added in my stock qty. with nil value of bonus shares.
PLEASE REPLY ME SOON..
I M VERY THANKFUL TO YUO ALL.
I want to know whether deduction under this head is applicable if HRA is not paid seperately.
DEAR FRIEND
PLEASE SEND THE PF RETURN EXCEL FORMAT AND HOW TO PREPARE THE ,WHAT ARE THE IS
PLZE SEND THIS ONE TO OUR MAIL rajivg202@yahoo.com
Can i pay the rent to my wife. the house is in her name. whether the claim of rebate will be legal.
Can u please tell me how the “10%” (in case of HRA) is fixed by the department i.e. on what basis?
I Have purchased a plot and paid a stamp duty in 2009… no home loan taken…. currently living on rent and doing construction on plot…
CAn I claim HRA deduction & stamp duty benfir under section 80C….
it is an excellent website for gaining the knowledge. especially to the students
I have a query :-
In case a person occupies two rented accmodations, one at the place where he is employed say at Haridwar and another at place where his/her family is residing say at Delhi & where he/she visits periodically, whether the entire rent paid is eligible for calculating HRA exemption. Any case law or circular on this issue.
The person can claim the interest on loan as deduction u/s 24 (upto a maximum of Rs. 150,000/-) from the income from House property . Secondly, the repayment of principal amount of loan can be claimed as deduction u/s 80C of the Income Tax Act.
what would happen to a person who has purchased the house/ property on loan? He is not the owner of the house at present as it is mortguaged to the bank. He is paying monthly EMI. (The house is self occupiedby him)?
I am a central govt employee. I have two queries :-
(1) I have received HRA dues for the period Jul-Mar 2008 in the FY 2009-10. I have also received HRA for the period Apr-Oct 09 in the same FY year. My query is whether I can claim exemption of HRA for both the periods in the IT Return for the AY 2010-11? ( I believe I should be doing so because I have received the dues in the current FY, but a confirmation from your side would be welcome)
(2) I would like to know at which para/place in the ITR-1 Form do we need to mention the HRA exempt income and secondly are the details of the calculation of HRA exempt income, to be attached as a separate sheet to the ITR. If so is there a particular format for the same? I have calculated the details month wise because of change in basic pay and D.A. during the year.
Thanks in anticipation.