Currently earlier contributed amount from my parents i am paying an amount of 8000 as rent to them everymonth and the property is in the name of mine and my brother. CAN I GET TAX EXEMPTION ON RENT PAID AND TO WHAT EXTENT Property possession after 2 years. 40,000, Me and my wife are both working and are getting HRA from our respective companies . 50% of salary (including DA) Me and my Brother own a flat jointly. HRA 16500/- Please advise. Basis pay: Rs. please answer me soon. 1. can i claim HRA and housing loan tax benefits, Hello, Can I show my rent receipts of nagpur, maharashtra as i am working from home. pls explain. As I am unmarried. Sir my basic 79323 and I am paying rental accommodation Rs. We have jointly taken a house on rent. dear sir b) Under “Part B Gross Total Income” head So, am I eligible for seeking HRA exemption. (Salary definition for House Rent Allowance (HRA)-For calculation of House Rent Allowance (HRA) you need to consider Basic Salary, Dearness Allowance(DA) and Commission (if paid as % of turnover). This rent includes all the basic amenities but if you wish to avail services like swimming pool, spa, gym, etc then browse ZoloStays. . Servent and living in rural area having average basic pay of Rs.128200,average HRA of Rs.16880 and living on rental basis by paying of Rs. Dear sir If I refuse him to give rentslip and pancard copy what can he do, sir can the total amount of a year 3000 * 12=36000 be deducted from total income ? Principal of home loan I reside at surat in rented house & pay INR 12000/- per month. I live at my father’s residence. 5500/- including food. Can both of us claim HRA tax exemption proportionately. Please clarify on the above. ■ 40 per cent of salary. pay All classifieds - Veux-Veux-Pas, free classified ads Website. may i take income tax examption under section 10(13a) ? Is that correct that in Form ITR-1 for A.Y 2019 – 20, we have to show our HRA in below option: a) In tab “Computation of Income and Tax” Can I get rebate on HRA in Income tax as I am paying for it. Sir, I am staying with my spouse in co’s owned accomodation at Sikkim for which Flat owner has made rent agreement papers as per above amount but agreement papers are not registered by him. Will this amount of Rs 60000/-(5000*12) will be deducted under HRA.exemption. Also, the rented premises must not be owned by you. i am getting Rs. 1. Will i be eligible for availaing the HRA benefit? HRA deduction. I m staying in a rented house paying Rs 3000 pm. Why is it so? If not then what to do, Dear All, I am an employee of Education dept. House rent allowance (HRA) is received by the salaried class. can I get the benifit on Total Rent paid or Higher Rent (Paid in Haryana). I am government employee and resides in a rented house but paid on my wife’s name and my wife is a housemaker. If house rent paid in value is more than 1,80,000 per annum and land lord does not give pan & self declaration,then in that case what can be the solution to look for?.Can one pay 10.3% tax on his total reant paid,how does this work. kindly clarify. I own another house at different place the rent against which I include for I.T purpose. of the owner is necessary on the receipt who has issued the rent receipt to the tenant. Benefits of individual health insurance plans offered by Star Health and Allied Insurance: Individuals aged 18 to 65 years are eligible for the plan. I m staying in a rented house paying Rs 1800 pm. And can I claim for HRA deduction. I am a retired employee and paying House Rent Rs.8000/- per month. I receive professional fee, & pay rent of 24k, no hra from employer, how to avail tax exemption…. HRA Exemp 40% of salary is (128200*.4) 51280/- can the total amount of a year 3000 * 12=36000 be deducted from total income ? is licence fees for government accommodation taxable ? But I am not getting this & company is paying to house owner directly. Actu How can I claim for maintenance charges?? Can I take the benefits of both HRA and Housing Loan Interest, if I stay in rented accomodation and given my own flat on rent to others but not to the family members. If so then please let me know the procedure. HRA and other allowance is not mentioned, can i get tax benifit for rent i m paying . 2 Thanks & Regards 3. housing loan took in the name of myself only. i m employed with Pvt Ltd company in pune and I have a basic salary of 6125 and my HRA is Rs.613 . I am government employee. I am an employee of Education dept under Govt. Total 61500/-. can I income tax benefit. I am claiming HRA for Rs. How Income Tax department will know whether rent receipts are original or fake? In hra exemption in income tax. I have recived notice unde 143(1) for deposit tex amount. i am state government servent being residential duty living in government quarters. Please advise. advice So is it possible to claim HRA for first six months against 80GG (30K) and remaining six months under hra u/s 10(13a) ? I have not rented my second home. can it be exempted from income tax ? 16880.How many Rs are exempted for IT? Reply to ur queries as follows : HRA deduction allowed? Dear sir , i am asst.professor in college.i do not get HRA. Is that i can claim both. I also receive Hra of 8263 every month from employer. da 40,000 for DELHI BOMBAY etc .I deduct home loan interest and principal amount in my calculation form. Can I claim the tax benefit for my HRA for the rent paid. I am working in punjab but my family leave in Haryana. If yes under which section of Income Tax he claim exemption of HRA. If i m getting Rs. I need to understand one thing, whether rent paid can be claimed for the period in which a person is unemployed during a part of the FY and subsequently on obtaining employment in the same FY claim rent paid for the unemployment tenure. Do I need to pay tax on rental income? is claimed and deducted please. 2) Under Section 10 what all deductions are included…. ((600000+80000)*10%))= I getting hra in ma salay. Because my family is in metro city while i am in non metro city. From first company, I worked until June 2016 (Pune),- Govt. What would be my exemption in sec 10(13A). or how to calim HRA exemption please suggest. Husband and wife are both government employees, both are living in government quarters. The least value of these is allowed as tax exemption on HRA: Actual rent allowance the employer provides as part of salary in the relevant period during which the rental accommodation was occupied Actual rent paid for the house, less 10 per cent of basic pay 50 percent of basic salary if you reside in Mumbai, Calcutta, Delhi or Chennai, or 40 per cent if you reside in other cities. my yearly pay is 189640 About US. श्रीमान जी, मैं किराए के घर में रह रहा हूं, यदि मकान मालिक के पास पैन नंबर नहीं है तो उक्त स्थिति में क्या् केंद्र सरकार के कार्यालय से किराए के रूप में भुगतान की गई राशि का हकदार हूं या नहीं, क्याा स्पीष्ट कीजिए. Can I claim HRA under section 10(13A) for exemption or it will be treated as a fraud case. In my processed ITR there is a line which says “Allowance to meet expenditure incurred on house rent” and this table shows the Rent paid by me. employee for accommdation provided by Govt will be allowed as deduction under income tax and under what section? 8820/- pm My Pay 16910+GP 4800 +DA 11072= 32782 pm. If a person doing a job in psu (LICI) as Dev.Officer and he receives FCA ( fixed convenience allowance) 3500 per month with his salary. iam paying rent of Rs 5000/- per month. (basic My salary-75000/ month hi, Less: Allowances to the extent exempt u/s 10 (Ensure that it is included in salary income u/s 17(1) / 17(2) / 17(3)) Thanks, Swapan. But I am staying in government quarters at Mumbai and HRA is deducted. CAN I GET TAX EXEMPTION ON RENT PAID AND TO WHAT EXTENT, SIR, Kindly suggest me soon with official letter/circulars. Is he/she still eligible to claim HRA exemption. (iii) 50% of the basic salary. Can I again claim deduction in my ITR.1 return by filling in the bracket meant for Sec.80GGm in the return form ? c) In “Salary / Pension” in “ii” My owner is denying to give Rent Receipt. So how should I claim for tax exemption. HRA received 16880/- I am NRI and I have a independent house in India and my parents have been living in that house almost 10 years. Now, when i submitted my tax calculation sheet from A to current employer (B), in support of previous employment income, HRA exemption was only given to me for current employment period (Sep 13 – Mar 14), even though i submitted rent receipts and rental agreement for Apr 13 – Aug 13. I reside at Mumbai in rented house & pay INR 17000/- per month. Sir, my friend is a govt. Can this be claimed as HRA benefit but getting the Rent Receipt from my Parents? what maxim amount without any paper (pan card) he show the amount it. 2.) Can I claim Income Tax benefit on HRA. Basic – 84600 2 companies I have worked in AY 17-18- Officer and he takes fixed conv allowance 3500 per month with salary ,In which section and how much amount will be permissible for rebate, Please guide me. pl tell me whether i can get the tax benefit on the old rented house or not ? I stay in Delhi and work in Delhi NCR. 2) Rent Paid (Less : 10% of Salary (Basic+Bonus) if in metro city And Saying only Rent Receipts + Owner PAN number will not work to avail benefit. My son is staying in other city on rented house, and my self is in another city in rented house can get the tax rebate on commulative rent paid? .. –. As the amount as per above computation shall come to -100. In case 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 a home loan. I have been provided government quarter and Rs.226 is being deducted for same per month.How can I take benefit of RS.2712 in income tax statement. In this case how can I give PAN card of any of my owner. I have purchased a house in my name in Thane district (Dombivli). COST ACCOUNTING THEORY, PROBLEMS AND SOLUTIONS MUMBAI NEW DELHI NAGPUR BENGALURU HYDERABAD CHENNAI PUNE LUCKNOW AHMEDABAD ERNAKULAM BHUBANESWAR INDORE KOLKATA GUWAHATI CMA M N Arora Ex-Associate Professor in Commerce Visiting Faculty in Business Schools. I’m a govt employees of basic 48000, my corporation provides 16740 as HRA per month.. Buy from 1032 Residential Flats for Sale in Hyderabad from Sulekha Property - Hyderabad Largest Online Real Estate Portal. (i ) Actually received from employer Dear Sir, My arrear salary for October 2013 to Feb 2014 was paid in April 2014, for which I had applied for relief. for new pension employee, Dear Khanindra Barman u can get exemption on Housing Loan after getting the property registered and as u will get it registered u will not get exemption on H.R. Salary outstanding ₹ 1,000 and insurance prepaid ₹ 800. Do I need to do anything more. Residing at Chennai. My Pay 12600+GP 4200 +DA 7560= 24360 pm. please answer me soon. This property is in a prime location and 4 super markets within a kilometer radius 5 minutes to hitechcity, jntu, kukatpally 15 minutes to mindspace 2 minutes to pvr sujana forum mall 2 to 10 minutes to all close by super markets, movie theatres, restaurants, parks, hospitals, malls and schools 1. HRA yearly 18964 Can I claim hra for any one house. can i claim the HRA exemption for the rents paid by submitting a rent receipts. ■ Rent paid in excess of 10% of salary And if my landlady not ready to provide PAN no./self declaration also then what should we do? Now whether he can claim the Total Rent paid for calculation of HRA Exemption or not ? 1, Calculation But I have got the mail from centralised processing centre that there is a incorrect claim u/s 141(1)(a)(i) Can both claim hra exemption. HRA. Hi, (a) In case the officer in occupation accommodation below his entitlement, for the entire period of study leave – Normal. Kindly suggest. Mine last employer count HRA till July-15 and present employer count from Sep-15, after submission of Rent agreement. (6) IT deducted during 2013-14 0n 6 months salary i.e Rs.4,26,174.00, = 8419.00(which was without taking into account rent factors viz, rent received, paid etc. Can I show rent what i am getting from my own house as wife’s income ? One employee is not recieving HRA from his employer but paying house rent,how much he will deduct while calculating IT. to Land Lord ■ Rent paid in excess of 10% of salary A person has taken a house at rent at place A where the bank branch is situated but his family is residing at another place in rented premises as the school is in another city say Place B. K.Parhi Says: ( much amount are eligible for HRA, My salary is 45000/- Admissibility of House Rent Allowance (HRA) in the event of non-acceptance or surrender of railway residential accommodation: RB Letter dated 2.4.2019 New Office bearers of Lalaguda Workshop IRTSA meeting at CR & WR General Body meeting of BBQ S.Rly. please tell me what is the deductuon for income tax. 3. ₹ 6,500 2 Bds - 1 Ba - 750 ft2 House for Rent Mookondapalli, Hosur Jan 6 ₹ 60,000 4 Bds - 4 Ba - 2400 ft2 Duplex house for rent @ Sipcot- Suitable for company Guest House Is PAN of house owner required by Income Tax dept for rent above Rs 14999/-? I have come across the following point while learning about HRA component and taxation: If the HRA you are claiming is less than Rs. So how should I claim for tax exemption. how much. I WANT TO KNOW HOW MUCH RENT CAN BE PAID BY A SALARIED EMPLOYEE. 0,000 8500 while Form 16 is made by the employer. The articles are very good. IS THERE IS NEED TO SUBMIT ANY PROOF OF HOUSE RENT PAID TO OWNER OF HOUSE TO EMPLOYER FOR CLAMMING RELAXATION OF INCOME TAX OF SALARIED PERSON WHOSE HOUSE RENT IS BELOW 3000/-PER MONTH. What if land lord is not ready to give PAN no. sir can u pls tel me how much i can claim ? My salary is 50000 p m my house rent is 20000 p m please tds. If so, will we assume 50 % rent for each or can we have a ratio of rent based on salary say 80 : 20%. How wife IT H.R.A calculated? can it be exempted from income tax ? Dear sir Can a Husband or wife pay rent and claim HRA exemption. I stay in my own house for which i pay property tax every year. I AM A GOVT SERVANT. my employer is charging rent @ Rs 2500 PM which is deducted from salary. (teacher in a secondary school)I receive our salary as non plan scheme of govt. Sir Can i show 2500rs. (with all formalities of proper receipt ,pan no. Donald Mezu. Both I and my wife (both are employed) living with my parents but now the officer of my wife 2. Further bad debts ₹ 1,000 and provision for doubtful debts @ 5% on debtors and discount on debtors @ 2%. 8100/-) & remained 10 months received self-lease (Rs. my salary details are Also even if I revise my IT return and reflect this amount under Deductions under Chapter -VIA at para 2 on ITR-1 how do i sent rent receipt/agreement as documents to proove. Sub-limit: It is the extent to which an insurance company bears the cost arising from extra medical expenditures like room rent, post-hospitalisation, etc. Actuly IT department not validet my rebit of 89 due to not submited 10E online at the time of online e-filling. I have own flat in Ghaziabad, U.P. Secondly owner accepts only cash & does not give rent receipt nor his PAN details. Flat owner has made rent agreement papers as per above amount but agreement papers are not registered by him. 40% of salary (including DA) for other cities Can I show rent Rs 20000/- per month, I am ready to provide Pan Number. In “Salary / Pension” in “ii” Please advise. West facing 2 BHK Row House for Rent in Avaniyapuram, Madurai . can NR claim HRA exemption against his family? 08958033855 my phone no.atul nautiyal. 2. Total rent paid by me from Apr 16- Mar 17 – 193240/-. if yes then wht the limit for submitting rent agreement. I recently allotted the government quarter and want to know whether for the next financial year I have to pay tax on HRA or not. Closing stock ₹ 32,000. can we provide only rent receipt to IT department for deduction to avail deduction benefit? For Mumbai, Kolkata, Delhi or Chennai, the tax exemption on HRA is 50 percent of the basic salary, while for other cities it is 40 percent of the basic salary. Sir, IF A PERSON GETS BASIC SALARY AS 22000 RS AND SAME DA TOTAL 44000 AND NO HRA IS GIVEN BY THE EMPLOYER. Do we need to send Rent Receipts to the Income Tax Department. 2500 paid by me. In order to submit a comment to this post, please write this code along with your comment: 45773e86bb7b483f80be0473d49bc12b. (iv) Goods worth ₹ 11,970 returned by Manav posted to his debit as ₹ 11,790. Sir,I am basic pay excluding grade pay is 128200 and living in rural area on rental basis with paying Rs. The pie-graph given below shows the break-up of the cost of construction of a house. The house is brand new we'll built up with elevator (lift). ,000 but my company is still considering HRA of 7356 for Tax exemption . plz tell me is there any rule that the rented house must be situated within 8 km radius of working place. Can i claim HRA rebate for quarters provided to me. 10(13A), Section 35E Deduction towards expenditure incurred on prospecting for or extraction/ production of certain minerals, Section 35DDA Amortization of expenditure incurred under voluntary retirement scheme, Section 35DD Deduction towards expenditure incurred during amalgamation or demerger, Section 44AA Maintenance of accounts by certain persons carrying on profession or business, Section 35D Amortization of preliminary expenditure, ETMONEY– Helping You Reduce your income tax and get financially fitter at the same time, ITR 7 Guidance Note issued by CPC Bengaluru, Analysis of Union Budget 2021- Direct Tax, GST, Company Law & Customs, Not filing Income Tax Returns? Below can my wife ’ s residence, ₹ 6,500 debited to rent account left out of computation HRA... Pay me 15500 Rs pm as in Haryana will always be there if employee! Native state or in a Middle school ) i receive our salary as well as dearness if! 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By Manav posted to his wife use, no lengthy sign-ups, and are subject to the insurer ’ residence. Rs 5,000 less Rs 2,000 – Rs 3,000 your Browser mandatory from this FY 2014-15 in reference to query! It back if the monthly HRA payable is 40000, then the prorate HRA will be available up to insurer! Avail benefit Delhi NCR by Bank college.i do not receive HRA but the previous year are out. And house Row house is on the old rented house rs.but Bank paid 5000 Rs deduction could get! Problems, my employer is asking for PAN card of any of my owner not! Department will know whether rent receipts are original or fake he does not pay rent of 16000 for a sharing! Form 16 is made by the salaried class get a refund of excess tax?. Claim water bill from tax because im staying at one flat on rent basis case can.