HRA OR HOUSE RENT PAID

This query is : Resolved

raghavendra b (Querist)
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16 August 2021 DEAR SIR,

ONE OF MY CLIENT RECEIVED HRA 330000/-, AND HIS HOUSE RENT PAYING IS 198000/- . MY QUERY IS IF HE IS CLAIM HRA INCOME TAX WILL BE ZERO. OTHERWISE CLAIMING HOUSE RENT HE HAS PAY MORE THAN 141000/- INCOME TAX. AFTER TDS DEDUCTING RS 228551/-. SO I WANT AVOID SUCH HUGE TAX AMOUNT CAN I CLAIM HRA BECAUSE HE RECEIVED AS PER HIS PAY SLIP FOR THE PREVIOUS YEAR 2020-2021.

PLEASE SUGGEST ME IS THERE ANY PROBLEM WITH THAT NEED HELP

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 August 2021 Use the link to calculate hra exemption.

https://www.iciciprulife.com/insurance-guide/financial-planning-tools-calculators/hra-exemption-calculator.html