Hra exemption

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Padam Singh

Padam Singh (Querist)
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19 August 2013 what is the max limit of HRA Receipt.

if employee provide rent slip exceed of Rs. 24000/- pm

Rupesh Jain

Rupesh Jain (Expert)
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19 August 2013 least of the following
a) rent paid excess of 10% salary
b) HRA received
C) 40% of salary

least of following is exempted

Padam Singh

Padam Singh (Querist)
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19 August 2013 or when we need collect the pan copy of landlord (HRA Exemption for salaried person)

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CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 HRA exemption is

1. Actual HRA
2. 50%/40% (in metro 50%) of basic salary plus DA
3. Actual rent paid
4. Rent paid in excess of 10% of Basic salary plus DA

which ever is less

If you have given rent slip of Rs 24,000 pm then PAN of land lord is necessary

Padam Singh

Padam Singh (Querist)
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19 August 2013 thanks for the info.

IF rent given below Rs. 24000/-

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 If rent paid by you is more than 15000, then you have to mention the pan of land lord