20 March 2009
If employee getting HRA benefit from company and he is paying rent to his parents(father or mother)/wife. In such case, whether this HRA is fully taxable or he can get exemption as per IT law?
20 March 2009
The HRA exemption is given if rent is paid. Assessee is paying rent to whom is not considered while giving exemption of HRA. However, the payment of rent should be a genuine transaction and assessee should submit the copies of rent receipt to employer for claiming exemption.