How much hra as tax saving
This query is : Resolved
10 December 2012
Respected Sir,
I am paying Rs.4000/- per month as the House Rent in Kalyan(Mumbai) and I am receiving from my salary Rs.1390/- as HRA per month. I want to know that can I claim Rs.48000/-(4000*12)as a tax saving under section 10. If No, then how much can I claim HRA for tax saving?
I am paying Rs.4000/- per month as the House Rent in Kalyan(Mumbai) and I am receiving from my salary Rs.1390/- as HRA per month. I want to know that can I claim Rs.48000/-(4000*12)as a tax saving under section 10. If No, then how much can I claim HRA for tax saving?
10 December 2012
Amount = to 50% of Salary
(If house is in bombay)
HRA Received
Excess of Rent paid over 10 % of Salary
Lower of above..
So u can not claim more than HRA Received by you...
(If house is in bombay)
HRA Received
Excess of Rent paid over 10 % of Salary
Lower of above..
So u can not claim more than HRA Received by you...
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
