16 January 2010
I am a govt. servant and own a house in Delhi alongwith my father in which my share is 2/3 and share of my father is 1/3. I am paying a monthly rent of Rs. 5000/- (which is 1/3rd of the market rent of the house of Rs. 15000/-) to my father towards 1/3 share held by him. I will be receiving HRA of Rs. 78,864/- for the year 2009-2010. My total annual income including basic pay, Grade pay, DA arrears and DA is Rs. 4,60,041/- for the year 2009-2010. pleaseintimate me the HRA exemption which can be claimed by me on paying rent of Rs. 60,000/- to my father. An urget reply is requested please.
CAclubindia
