Hra component

This query is : Resolved

vipin (Querist)
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04 February 2014 For PF Contribution purpose every one maintain 6500 as basic salary Then HRA So cannot exceed the 50% HRA is 3250

Now my question is that For income tax purpose can i rearrange the component of salary
If total salary is 35000
for ex.
basic 6500 Basic 14000
HRA 3250 HRA 7000
Other 25250 Other 14000

is it possible to file ITR as per second option

AVTAR SINGH

AVTAR SINGH (Expert)
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04 February 2014 You can take these figures for both Income tax and PF purpose and still deduct PF @Rs.780 p.m.

vipin

vipin (Querist)
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04 February 2014 Please clarify

can i rearrange my salary structure for income tax purpose for claiming Higher HRA

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@VaibhavJ

@VaibhavJ (Expert)
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04 February 2014 HI

You can not re-arrange component defined, however in pf there is no compulsion of contribution PF on actual basic salary paid you can restrict on Rs. 6500.

Thx