A company is paying both HRA and Rent(to the landlord) to the employee. Can the employee get any eXemption in HRA ? If yes to what extend? or the whole amount (HRA+Rent paid) is taxable? How much TDS shounld the employer deduct?
27 May 2013
See Expl. of Sec. 10(13A). It shall not apply if the assessee has not actually paid rent in respect of the residential accommodation occupied by him.
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