Deduction

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kuna sahu (Querist)
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04 March 2013
HOW WILL WE TAKE DEDUCTION OF RENT PAID IF HUSBAND & WIFE FILES THEIR RETURNS SEPARATELY ?

PLZ SUGGEST ME.

Santosh Mishra

Santosh Mishra (Expert)
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04 March 2013
Please elaborate your question.

Yes, both husband & wife claim the exemption if they are getting HRA from employers and paying house rent.

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kuna sahu

kuna sahu (Querist)
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05 March 2013 CAN BOTH OF THEM CLAIM THE FULL AMOUNT OF DEDUCTION ?

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Santosh Mishra

Santosh Mishra (Expert)
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05 March 2013 No, they would get exemption to the extent of actual rent paid by them.

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kuna sahu

kuna sahu (Querist)
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05 March 2013 can both of them claim the actual paid amt ?

Santosh Mishra

Santosh Mishra (Expert)
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05 March 2013
Each of them would get exemption for lower of below three conditions.

1)Actual Rent paid minus 10% of basic salary.

2)50% of basic if staying in Metro cities otherwise 40% of basic

3)Actual HRA received from employer

Please calculate exemption for each of them separately.

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kuna sahu

kuna sahu (Querist)
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06 March 2013 Assumption :-

1. They are staying in a single rented house @ 1,20,000 p.a.

2. Rent is paid by Husband (Licensee).

3. As per you
a) Husband is illigible for Dud of Rs.
1,10,000
b) Wife is illigible for Dud of Rs.
80,000.

CONCLUSSION :

Can they both claim the deduction of Rs. 110000 & 80000 resp.

or any one is illigible for duduction ?

Santosh Mishra

Santosh Mishra (Expert)
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06 March 2013 No. I cleared this my previous reply itself. They both should be paying some rent to claim exemption.

In this case rent is paid by husband only so he only can avail the exemption.

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kuna sahu

kuna sahu (Querist)
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06 March 2013 IF RENT IS PAID PARTLY BY HUSBAND AND WIFE,

HOW WILL THEY CLAIM DEDUCTION ?

kuna sahu

kuna sahu (Querist)
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06 March 2013 plz suggest me sir.

Santosh Mishra

Santosh Mishra (Expert)
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06 March 2013 Yes then they both can claim to the extent acutal rent paid.

In case you want to know how to calculate the exemption, please provide me below detail.

Rent paid by each of them.
HRA received by both of them
Basic salary earned by each of them
location of rented house.

kuna sahu

kuna sahu (Querist)
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07 March 2013 Thank you very much sir for contributing your valuable time.

Now i m very clear about this query.

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