13 November 2008
Till recently I was getting 30% HRA every month but from next month my employer has given an option for availaing Rs.15000 per month(Which more compared to HRA for salary drawn by me)as Incentive for housing facilities in lieu of HRA 30 per cent.
Please given your expert opinion
(i) HRA on per cent basis and Incentive for housing facities are same except for change in name and I will continue to get tax benefit under section 10(13A) of the Income tax Act.
(ii) If I will " not " get tax benefit under section 10(13A) of the Income tax Act then WHY.
(III)If I still i want to continue tax benefit even after recieving incentive for housng faciltiies of Rs.15,000 ---- what I will be required to do Thanks in advance
CAclubindia
