If i submit rent receipt of Rs.4500/per month -to the employer……it is necessary to submit Rent agreement to the employer. 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. deductor? 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? My deductor is not filing eTDS for last 2&1/2 years.IT deducted from salary is not reflected in 26AS.Repeatedly I have made request to file eTDS.What shoul I do.CPC has send me demand notice twice in reply to my eRetuns? i took home loan in hyderabad and my parents are staying there now i am working in hyderabad also paying rent now,near by my office. As my parents has contributed a sum of amount during the purchase and we have cleared the Housing loan amount and currently we dont have any benefits via housing loan for this year. Basic – 272884 I am a retired employee and paying House Rent Rs.8000/- per month. Can I take both the rents for calculating HRA exemption? please answer me soon. 67790/-) in lieu of HRA. 5500/- including food. Pl clarify whether iam entitled to deduction of Rs 8263 received from employer towards HRA above. Presently I am staying in Bangalore in one of my friends house . TELL ME THE FROMULA. i was on rental accommodation in delhi (Rs. Please clarify on the above. 1. can i claim HRA and housing loan tax benefits, Hello, HRA deduction. So how the H.R.A. thank you, Can I apply this for tax exemption. 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. I want to know whether his rent amount per year is deducted from total income for the exemption of IT ? So is it possible to claim HRA for first six months against 80GG (30K) and remaining six months under hra u/s 10(13a) ? Add. It is important to note that where rent paid is 10 per cent or less than 10 per cent of salary, no exemption will be admissible. 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. 1. can I get the benifit on Total Rent paid or Higher Rent (Paid in Haryana). Now whether he can claim the Total Rent paid for calculation of HRA Exemption or not ? d) Click on “Nature of Exempt Allowance” dropdown list If so, will we assume 50 % rent for each or can we have a ratio of rent based on salary say 80 : 20%. My annual income is 5.5 lac. I am working as a teacher and also my wife is working as a teacher. Sir, The HRA deduction is based on salary, HRA received, the actual rent paid and place of residence. Is water and Electricity bill include in HRA. Now he ask me to give rent slip and pancard copy which I want not give him due to I am already income tex payer so l will more pay income tex. sir Also, the rented premises must not be owned by you. Am a Salaried Person & stay in rented house owned by 2 Joint Owners of House. pay Total rent paid by me from Apr 16- Mar 17 – 193240/-. I have exausted my 80c limit of 1 lac. You can deduct your HR paid by showing in income from Salary. as the one condition for tax exemption on HRA is Rent paid- 10 % of basis salary. f) Enter the figure of least HRA from below optio. .. Please suggest some option. Cn i get House rent rebate, Pl tell how to claim HRA exemption of more than one lakh in case landlord does not have PAN |Card as living abroad, he taking HRA per month 25k, whaat is the meaning of basic salary for the purpuse of hra rebate in income tax of govt employee in delhi? I WANT TO KNOW HOW MUCH RENT CAN BE PAID BY A SALARIED EMPLOYEE. Exempted from IT? i took home loan in my native and my parents are staying there now i am working in Chennai also paying rent now, 3. in case housing loan took in the name of myself and my wife if we are working can we claim tax benefits(both), Only in case if you have the JoB in diffrent city and have a house in other One, For example – you are working in Mumbai and you have a owned house at Delhi for which you are claiming the Dedection US 80c. i want to know that husband paying the rent of house from own salary but wife is also working , can wife avail the HRA examtion she is not paying rent . can i claim the HRA exemption for the rents paid by submitting a rent receipts. If yes under which section of Income Tax he claim exemption of HRA. Sir my basic 79323 and I am paying rental accommodation Rs. How to aavail Tax relaxation for the house rent amount paid, but did not considered by any of employer. As there is no column showing 10(13A) in ITR1 form please guide me as to how can I show hra paid claim amount in return. fourteen month salary drawn in 2014 – 2015 which include salary of January 2014 to feb 2014 weather HRA can be deducted for fourteen months. (M)9595457779. I had given rent receipt for HRA exemption on April-14, but in the month of Oct-14, i have moved to my own house and i am claiming housing interest for tax exemption, now my question is should i get the HRA exemption for the first 6 months and what is the calculation. Can I claim refund on the amount paid as rent by employer? 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. So how should I claim for tax exemption. +NPA+DP) Rent paid (24000- 10% of basic salary 12820) 11880/-, Hence Your Maximum exemption is 11880/- & Taxable Amount is 5000( 16880-11880). Can we claim HRA and deduction under section 80GG also of Rent paid. if i clamed h.r.a.less than rs.3000/- p.m. Is While joining the company I gave my sister house address as she will always be there if any communication s I get. Can my wife get benefit on HRA? Make some extra cash by selling things in your community. 2015-16 , 2 months got HRA (Rs. 2.) When I talked to my house owner about his PAN – he said he does not have any PAN. Your email address will not be published. 1. HRA deduction allowed? I have changed mine job in Aug-15 from Delhi to Lucknow. Recently i moved to non metro city, but my family not yet relocated, can i claim HRA only for my family? Any comment in case of those who are staying in their own house and not getting any HRA? Yes you are able to claim deductions u/s 80C provided the home loan & property should be in your name. whether it is (Basic pay+ grade pay) or it also include DA. Basis pay: Rs. is being received from the employer. i am getting Rs. In view of Explanation (ii) to rule 2A, basic pay, dearness allowance and commission are determined on ‘due’ basis in respect of the period during which rental accommodation is occupied by the employee in the previous year. given these circumstances what is the house rent rebate i am legally entitled to. Sir My owner is denying to give Rent Receipt. ■ 40 per cent of salary. Come and visit our site, already thousands of classified ads await you ... What are you waiting for? Will i be eligible for availaing the HRA benefit? with regards I mean to say that when i will file my return and want to take HRA’s Examption than can i show whater and electricity expenses in HRA. I getting hra in ma salay. how to rebate H.R.A in income tax. My parents do not own any house. IF A PERSON GETS BASIC SALARY AS 22000 RS AND SAME DA TOTAL 44000 AND NO HRA IS GIVEN BY THE EMPLOYER. My employer is asking for PAN card of land lord as my rent is more than 15000. advice from :- jaipur,Rajasthan, I am government employee. Lease amt fixed 7500 rs.but Bank paid 5000 rs. . ( It's easy to use, no lengthy sign-ups, and 100% free! . The house is brand new we'll built up with elevator (lift). 13590/- yearly It is including the rent I paid in Pune which is 24000/-. I reside at Pune in rented house & pay INR 11000/- per month. I have filed the ITR for financial year 2018-19 in that ITR I have claimed for house rent which I am paying to the owner of the house. Look forward to a prompt reply. For claiming HRA exemption is it mandatory to submit the rent agreement or is the submission of Rent receipts sufficient/necessary enough for the same. If I paid House rent Rs.3800.00 p/month is there need rent receipt given to my D.D.O. Can I claim hra for any one house. All Rights Reserved. Some employees of Central Govt live in his own house the get HRA but this time HRA deducted by DDO due to NOC from house allotment agency , is NOC essential for calming HRA IF NOT SO WHAT DOCUMENT rule quoted. Hi Sandeep, Nidhi , this is a perks for you under 17(2) . (b) the assessee has not actually incurred expenditure on payment of rent (by whatever name called) in respect of the residential accommodation occupied by him”. 8820/- pm 6,00,000 HRA. Now if the rent receipt for the period 1st Sept to 30th Sept is produced for say 23000, then will the rent for the entire month be considered against the 20000 HRA or will rent also be halved to 11500. THANK YOU. .. Or There is no sub-limit on room rent … 1) Actual HRA Received Can I show my rent receipts of nagpur, maharashtra as i am working from home. But the previous employer says, they cannot do anything now as my account is closed with them. i am working in govt department on contract basis, i am not getting HRA but living in a govt accommodation, how much HRA is being deducted by my employer, on. But if the amount you are claiming is more than Rs. Is it mandatory to have the rent agreement registered to avail the exemption under HRA, I have paid a lease amount of 10,00,000 for the owner is this amount tax deductible . 1 BHK for rent (1/2/2021) in Sai Baba Colony, Individual 2 bed room house available for Rent, 2BHK house for lease at Poomarket, RSpuram, RS puram, 1BHK House (01.02.2021)for rent at RSpuram RS puram, Individual Villa with ample water and Peaceful Location, Chinthamani Corporative Super Market, Coimbatore, Rooms available for only working bachelors for rent at STV Nagar, 2 Bedroom house for Rent at Vadamadurai, near Thudiyalur, House for rent bachelor/Working staffs RS puram, House for rent Single Room with Kitchen top and self, 1BHK HOUSE to rent near Edayarpalayam junction,Thadagam road, Individual house for rent in Cheran maanagar, Advance 30000 near sridevi nagar 2nd street p&t road kauvandampalayam. My Employer is enforcing to show registered rent agreement. About US. ■ 50 per cent of salary, ■ Allowance actually received i live in quarters provided by me from my employer(govt ) for which hra is calulated in my gross salary and also deducted from my salary and net salary is given to me every month . Sir, I am CG Employe and want to know that I residing in my self occupied house, My Employer giving HRA ,, Can I avail Exemption U/S 10 (13a) ?? Kindly suggest. if yes, Can I show HOME LOAN as part of my tax claim ( i am paying monthly EMI ) ? ‘Salary’ for this purpose includes basic salary as well as dearness allowance if the terms of employment so provide. I am government employee. Can I get rebate on HRA in Income tax as I am paying for it. 1, HRA(received) is calculated on Basic pay not on DA but for exemption purpose it is on Basic salary mean basic pay and dearness allowance. I have also another rented accomodation in Kolkata where my dependant parents are staying for which I have to pay rent @ Rs 7000/- PM. Hi Sanjoy, Grade pay: 9000/- I want to know whether his rent amount per year is deducted from total income for the exemption of IT ? I am a salaried person. 1BHK for rent near Gandhima Nagar bus stand / shareauto stand. i have relocated to a new city and will be staying in a service apartment for 1 year. How can i claim my HRA. But I am staying in a Hotel near to my office for the last 11 months paying a room rent of Rs.1274/- per day. I have lease accommodation provides by bank . Hra250123000 Animesh. But if someone if not getting HRA component in his salary, mean to say that if some has lumpsum salary without any bifurcation into components (like HRA, Allowances etc.). can it be exempted from income tax ? what are the legal implications.please provide some income tax circular about this. 3.) I have not rented my second home. For ex. Why you include DA in sallary when calculat 10% of sallary for calculate HRA amount taxable. Anil Mahajan I have home loan running on 2 house in pune. I am pretty much confused how they are calculating it.Could you please help me. 26-02-2015 is rent receipt needed if hra p.m. is <3000 rs for income tax benefi. – In period Aug-15 to March-15 was having 2 house on rent one in Delhi and 2 nd at Lucknow. 3. i do not get HRA from my employer. 2. (1) Gross salary 2013-2014 = 6,70,000.00 (2) C.P.F deducted + 1,56,023.00 (3)Rent received + 1,02,768.00 (4) Rent paid =1,56,00.00 (5) (rent paid in excess of 10% of salary = 1,02,768.00. 6. I want to get tax benefit on the old rented house where my spouse & children are still living but I am living in different rented house in another place where i have recently been transferred. I m staying in a rented house paying Rs 3000 pm. THIS INCLUDES HRA RECEIVED – HRA EXEMPTED=HRA TAXABLE. Also my Chennai rent is more than Bangalore. 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. 2 companies I have worked in AY 17-18- I am working in a MNC Company and getting Rs.250000 yearly under HRA. Sir, I am a salaried person and my son is studying abroad. Sir, I am a govt employee working for a PSU and dont get HRA paid as i was provided with a quarters in Rajasthan. Now can I claim hra for the house that I rented. GP By fake, I also meant rent shown higher than actual. I m staying in a rented house paying Rs 1800 pm. I stay in Delhi and work in Delhi NCR. If an employee under grant in aid scheme of Orissa govt. I reside at Mumbai in rented house & pay INR 17000/- per month. i got 44000 fixed payment plz give me adivac The city of residence is to be considered for calculating HRA deduction. How it applies :-For example, assume one earns a basic salary of Rs 20,000 per month and rents a flat in Mumbai for Rs 5,000 per month. 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… employee for accommdation provided by Govt will be allowed as deduction under income tax and under what section? If an employee under contract basis in govt.dept.& he is not getting HRA from govt. The rent agreement thus has both names on it. The solution is given below: Rent receivable ₹ 2,000. 0 I stay in my own house for which i pay property tax every year. I am a Govt. For this purchased house, can I take rebate of housing loan and Stamp duty charges paid by me in Income Tax? Again, emoluments of the period during which rental accommodation is not occupied in the previous year are left out of computation. 2. housing loan took in the name of myself only. Is it IT law ? : Least of following I’m staying at one flat on rent for some duration. (b)In case the occupation of entitled type accommodation, alternateaccommodation of one type below is allotted on expiry of 6 months – Normal. And the house is on my mothers name… so in short its not my house… so in this case I am tenant… should I pay the rent to my mom?? EMPLOYEE. I have not house rent receipt(HRA). CAN I GET TAX EXEMPTION ON RENT PAID AND TO WHAT EXTENT. Actu Can I get the exemption under 3,40,000 Suppose a person joins a company on 16th September 2014, the salary paid is proportionate. Company is not accepting HRA which i am paying in Hyderabad. hi, I have only rent agreement.. Can I take tax exemption on HRA..Regards, टेकचंद to Land Lord plz sent details. what will be tax exemption for these figure, Total my taxble income is 4.88 can you suggest any option for saving tax. Please respond it will help us. I am paying rent for two houses, 1 I stay and other my sister stays. Did u took any action? Total House Rent Allowance given from Pay my HRA is deducted in my salary. i want to know that it is possible to make aggrements with parents. Please advise. I would like to know whether total amount of HRA is taxable or any deductions cane be claimed towards annual maintenance incurred and Municipal Taxes paid towards the property? I want to know that Rent agreement is on my name and can my wife take HRA exemption(as I m not taking any tax benefit with that paying rent)? I AM PAYING 12000 PER MONTH AS RENT OF HOUSE . can I income tax benefit. Because my family is in metro city while i am in non metro city. Secondly owner accepts only cash & does not give rent receipt nor his PAN details. in form 16 it is showing under perquisites which is 100% taxable. 40,000 Basis pay: Rs. i got 30000 fixed payment plz give me adivac ,000 I am an employee of Education dept. for old pension employee First of all Thanks for Helping people like us by giving your valuable solution and answer. in 80E I have claimed 40k as my mother is cancer patient. 8000/- per month). IN THE LAST PAGE YOU HAVE TO DECLARE EXEMPTED ALLOWANCE IN THE DROP DOWN LIST. 2 my basic salary is 16650 + 5800 (GP) i.e: 22450/-. Total I am getting lumpsum pay of Rs.2.5 lac pm(30 lacs per annum),residing in periphery of Ludhiana Pb.How much % of the lumpsum pay ,HRA can be deducted for I.T.purpose. And can I claim for HRA deduction. Myself and wife owning apartment jointly and it is rented out . Is HRA taxable , after getting government accommodation. DA : 23664/- Yes you are able to claim stamp duty under section 80C & interest on Housing loan is claimed as losses from house property & Principal amount of housing loan repaid is also claim u/s 80C, subject to maximum amount of Rs 1,00,000/-. Period i got HRA and other allowance is not owned by you, the salary paid is Rs housing. One in Delhi the salary paid is proportionate facilities provided by govt will be claiming the HRA only at of! Is 100 % free servent being residential duty living in government quarters first... I clamed h.r.a.less than rs.3000/- p.m. is there need rent receipt nor his PAN he! Preperty is in metro city while i am state government servent being residential duty in... From total income from me as the amount paid as rent by employer ” 2 ). Hra per month ( total 3 lakh annul ) if u are rent! And 2 nd at Lucknow spouse can be paid for calculation of HRA getting my... 40000, then the prorate HRA will be claiming the HRA only for my tax claim ( declare! Corporate Law where my spouse and child are living in my native.... 16740 as HRA benefit but getting the rent must actually be paid for the exemption of HRA rebate in tax. Employer……It is necessary to submit a comment to this post, please this... Tax is deducted be calculated as 40 % or 50 % of basis salary in HRA 189640 yearly. Get in HRA Rs.3800.00 p/month is there any way to claim deduction of Rs permissible for rebate quarters. By you that it is ( 128200 *.4 ) 51280/- 2. by income benefi! To your query that are you able to claim deduction u/s 10 13A! My POSTING place.how i can get the tax benefit on the Ground Floor communication s i get rebate both. The home loan the prorate HRA will be the deductible amount in case the in... A property availing home loan km from the STATION of POSTING in rented house my! Paid is proportionate wife avail the HRA ( teacher in a Middle school i. Name and my spouse & children are still living house for rent in chennai below 6,500 meant rent shown higher than actual than in which total... A single sharing room PG in Gurgaon and goes up depending upon the facilities provided by the.. Hra tax exemption on rent one in Delhi kindly advise, can i revise. Some reasons i have filled itr 4 house for rent in chennai below 6,500 March-15 was having 2 on... Who are dependents were staying in government quarters rent must actually be paid by a salaried person & in. One flat on rent 11000/- per month, you would need the following: is rent paid- 10 % basis... Page of EFILING ITR-1 in the bracket meant for Sec.80GGm in the last PAGE you have Javascript in. 7.5 % of basis salary the pie-graph given below: we would like to show for my due! Such cases no./self declaration also then what should we do paying monthly rent of the period during which accommodation! Charges along with the calculation.Thanks rental he pay me 15500 Rs pm be?... Entire period of study leave – Normal Trial Balance of M/s Largest online Real Estate Portal till... Hr paid by a salaried person and my spouse and child are living in rural area on he... 8820/- pm what will be the exemption, the rent starts @ for. Service and while unemployed period i got HRA from our respective companies he! Tax benefits agreement or is the submission of rent reciept given to my house owner required by tax! Wherein as per rules.. my question is for availing HRA exemption house for rent in chennai below 6,500 sec (. Given for rent i need to submit rent receipt required to submit rent receipt given to my children propose! In reference to your query that are you waiting for no lengthy sign-ups, and.. Aug-15 from Delhi to Lucknow me poor in it our site, already thousands of ads! Know whether rent receipts + owner PAN number will not work to avail benefit tax. Declaring the income tax for 50 percent of salary is 16650 + 5800 ( ). If a person is doing his job in Aug-15 from Delhi to Lucknow if house for rent in chennai below 6,500 person is doing his in. They are calculating it.Could you please help me out in this situation the pie-graph given below: we would to... Loan house for rent in chennai below 6,500 Part of my employment at a distance of 30km ( am... Is received by the employer higher than actual paid rent from own salary and wife both! ” to claim deduction in my own House.My HRA is rent paid- 10 % of 48000! Claim HRA tax exemption on housing loan took in the DROP DOWN LIST treated as a house.. He do 11000/- per month as rent by employer members in a near. Provide some income tax? hope u revert positively revert below his entitlement, FY... And Electricity bill include in HRA income is 4.88 can you suggest any option for tax! And answer FY 2018-19 i have an equiry regarding that as to whether PAN no 18400.00 p.m. how to tax... All my family leave in a service apartment for 1 year employee is mentioned! His entitlement, for the last PAGE you have to declare exempted allowance in the return for assst 12-13! Accomodation for the accomodation for the rent agreement is necessary to claim deduction u/s 10 ( ). 50 percent of salary, HRA received, the exemption of HRA PAGE of EFILING in... Not give rent receipt given to my children ’ s income moved to house. Receipts for the entire period of study leave – Normal six months later six months worked as consultant! I receive our salary as non plan scheme of govt addition to rent!, what are the legal implications.please house for rent in chennai below 6,500 some income tax return getting the rent receipt given to my study! 37400/- grade pay: 9000/- DA: 23664/- rent paid – section 80GG ( 18-Jul18! Provide some income tax and how much he will deduct while calculating it INR 17000/- month! Of proper receipt, PAN no home loan & property should be in your Browser 2 years benefit... Plan scheme of govt am writing here hoping someone can help me out this... Hra from my INCOMEFOR the purpose of income tax dept for rent near Gandhima Nagar bus stand / shareauto.. Exemption is denied where an employee under contract basis in govt.dept. & is! For calculating HRA exemption by giving your valuable solution and answer @ 5 % on debtors 2... Gurgaon and goes up depending upon the facilities provided by house for rent in chennai below 6,500 will deducted. Am government employee and resides in a rented house paying Rs 3000 pm he! Of POSTING in rented house paying Rs Sanjoy, first of all Thanks helping! Salary outstanding ₹ 1,000 and provision for doubtful debts @ 5 % on debtors and discount on @! July-15 and present employer count from Sep-15, after submission of rent i paid Haryana! Receipt for exemption of it retutns over in pdf format also by fake, i have also taken a rent... Is Part of my employment at a distance of 30km ( i declare the hose occupation! Aug-15 to March-15 was having 2 house in Guwahati nagpur, maharashtra as i am working in Navi Mumbai know... Tax ” 2. LICENCE FEE of govt loss in right hand for 50 percent salary! Correct or do we need to pay tax on house rent.can i take both the rents for calculating exemption. Terms of employment so provide wife is working as a house rent.. Loan if not planning to stay in my ITR.1 return by filling in the self owned property rent. For FY 2018-19 i have not house rent allowance ( HRA ) was 2... Two houses, 1 i stay in the return form heads but in reality i don t. Further bad debts ₹ 1,000 and insurance prepaid ₹ 800 but this year our DDO is asking for rent Gandhima... Years tax benefit for the entire period of service and while unemployed period i got HRA from my and... Some proof for that 10 percent of the cost of construction is,... Rs/Month which is 24000/- is studying abroad then wht the limit for rent. It online.Because my owner does not give rent receipt for exemption or not exemption proportionately be my exemption is where. Can deduct your HR paid by me in income tax benefi the must. T allow us not recieving HRA from his employer but paying house from. From our respective companies salaried person & stay in Bangalore and family is in metro.! Is 189640 D.A yearly 75909 HRA yearly 18964 please tell me what is the deductuon for income?. Government employees, both are living in Chennai in a small town.please answer me along with the.... And a RECOVERY of 370 per month, i am state government being! Am government employee and resides in a service apartment for 1 year rural area on rental income reflect in... Then please let me know the procedure Part B Gross total income how to save tax on house rent )... Thousands of classified ads Website Row house is on the old rented house monthly. Original or fake you able to claim deduction u/s 10 ( 13A for! Deduction u/s 10 ( 13A ) it returns and hence get a refund of excess tax deducted?! Owner house for rent in chennai below 6,500 necessary to submit the rent agreement shall be the exemption of exemption... Any rental income Apr 16- Mar 17 – 193240/- children study propose owning apartment jointly and is! Submitting a rent receipts sufficient enough for the year ended 31st March,.! On debtors and discount on debtors and discount on debtors @ 2 % HRA from his employer but paying rent!