HRA Exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2009 An assessee is residing in his mother's house & paying rent. The rent agreement is entered between them. The assessee is simultenously receiving HRA from the employer. Can the said assessee claim exemption u/s 10(13A) against HRA while computing the Income from Salary?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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22 December 2009 Yes, He can claim the HRA exemption

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Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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22 December 2009 agree with expert

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CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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22 December 2009 yes, assesse can claim HRA exemption.

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Querist : Anonymous

Querist : Anonymous (Querist)

23 December 2009 Can anyone give me the calculation for exemption u/s 10(13A) with following details for a month:

Basic Salary Rs. 15836
House Rent Allowance Rs. 7918
Conveyance Allowance Rs. 800
Flat Allowance Rs. 10285
Retro : Shift Allowance Rs. 2775

The employee is working in a Pvt. Ltd. co.
House rent paid by the employee is Rs. 8000 p.m.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2010 thanx

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 July 2010 Rs.6416 p.m HRA exemption based on your details ( calculated based on non metro)