Hra logical

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2013 Person Who got Employed From June 2012.

But Was Staying in Rented House and Paying Rent Since Long time.

Now He Got HRA for Rest 10 Months (June2012-March 2013) from Employer.

Can he Claim Total 12 Month Rent, Since For HRA Benefit Per Annum Calculation is required.

For More Clarification, Pls refer this Link.
https://www.caclubindia.com/experts/hra-claim-1229339.asp

Santosh Mishra

Santosh Mishra (Expert)
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27 February 2013 HRA exemption is lease of following three conditions.

1)Actual amount of House rent allowance received in respect of relevant period.

2)Rent paid for the relevant period minus 10% of basic salary.

3)50%/40% of the salary for the relevant period.

The word “relevant period” has specifically been used for this purpose. Hence, as the person would be receiving House rent allowance for 10 months only, he can not claim rent for 12 months.