HRA exemption
1 year ago
I didn't updated rent agreement and details to my employer, employer has shown minimum HRA under salary slip which results least amount to be exempted in the form 16. Is there any way to claim complete eligible amount of HRA under? Paid rent 125000 for 10 months and HRA mentioned by employer is 1167*10 total 11670 for 10 months.
A.when filing your return you can claim the entire amount whatever actually paid, the employer whatever amount left over that you can mention in the return and get refund
Helpful
Helpful
Share
A.Hello Sir,
If HRA is not mentioned in Form 16, that means your employer has not provided a separate component of HRA. HRA u/s 10(13A) can be claimed when the employer gives a separate component towards HRA. In the absence of it, you can claim for rent paid under Section 80GG. Your HRA is not correctly mentioned so you can claim for it.
If HRA is not mentioned in Form 16, that means your employer has not provided a separate component of HRA. HRA u/s 10(13A) can be claimed when the employer gives a separate component towards HRA. In the absence of it, you can claim for rent paid under Section 80GG. Your HRA is not correctly mentioned so you can claim for it.
Helpful
Helpful
Share
Read Related Answers
Joint buyers in under construction property, help with 26QB
Dear Client,
TDS is applicable on the purchase of immovable property wherein the sale consideration of the property exceeds or is equal to ₹ 50,00,000 (Rupees Fifty Lakhs). TDS @ 1% should be deducted...
Amount paid to a friend as drawings from a Propritory Business Concern
Dear Client,
A business account in a Bank typically known as a Current account is a kind of bank account maintained by businessmen, corporations and trusts who have a large number of transactions. A...
IT returns
Dear Client,
An unintentional mistake in the IT Return may be rectified by filing a revised return. For better clarification and steps, you need to visit a Chartered Accountant or an I T Consultant to...
Regarding claim of TCS on Foreign Tour Package
Dear client,
The TCS charge would increase the amount you are paying for the total trip. Under the new regulations, a 5% TCS is applicable to foreign travel.
Please ensure that while filing your IT...
Will income tax department will ask for tax
Dear client,
As per the income tax benefit for financial year 2023-2024, you will not be charged for transfer for housing loan. However, you may be entitled to tax benefits. You may be exempted from...
Read Blogs on Tax
Tax Lawyers
Find Lawyers by Location
