HRA Benefit for Tax Rebate

This query is : Resolved

Devendra Tambe (Querist)
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01 April 2010 Mr.X drawing Rs.30000/- Salary. He is paying Rs.16000/- Rent for House. There is no break up of Salary i.e. Basic, HRA, conveyance etc. In this case, He will get HRA Benefit or Not. if Yes, then Pls send calculation for dat.

Deepak Goel

Deepak Goel (Expert)
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01 April 2010 u/s 10 he cannot get benefit for HRA but he can available benefit u/s 80GG

Devendra Tambe

Devendra Tambe (Querist)
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01 April 2010 How He can get beneif U/s. 80 GG. Pls send d calc.

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CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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01 April 2010 Hi Devendra,

Please see the link

http://law.incometaxindia.gov.in/DitTaxmann/IncomeTaxActs/2007ITAct/sec_080gg.htm

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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01 April 2010 As per your given data the Deduction is restricted to Rs. 2000 per month.

As the benefit is restriced to least of the following.

Rent paid in excess of 10% of total income.

Rs.2000 per month

25% of total income,whicever is less