Reg. hra

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2012 Dear Sir,

I & my wife both are employe with pvt. ltd com. both are received HRA. we pay rent 8000/- p.m. & tuition fee of children 2000/-pm then in which hand HRA & tuition fee will be Exempted. please send me reply urgently

THANKS

RAMAN JHA

CA Kishore Tallam

CA Kishore Tallam (Expert)
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10 April 2012 Any person can claim deduction. It depends on taxable income of u & ur wife. If ur taxable income is more than Rs. 10,000 of ur wife's taxable income then, it will be better if u can claim, else ur wife can claim the HRA exemption and tution fee deduction.

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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10 April 2012 yes expert has given exact solution

calculate both tax and then decide in which take exemption of HRA 10(13A) & 80C (tuition Fees, Max. 2 Children)

but only one can get benefit of HRA

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