How much hra can be claimed for salaried income.

This query is : Resolved

guardian (Querist)
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08 March 2015 Hi,
1.I am doing a job in Mumbai sub-urb.

2.My Salary slip shows as:
Basic-16000
HRA-8000
Special allowance-36743.

3.I want to know how much maximum HRA I can claim for tax exemption if I don't have an agreement or any bond for house rent paid.

Pls suggest

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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08 March 2015 If you do not have the proof of rent paid then you can not claim any deduction on account of HRA.

HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:

# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.