SUNNY (STUDENT CS) (377 Points)
27 May 2011one of my friend who live in Noida on rent ?
1) he has received seven month salary from company is 233728/-
in which company provide HRA 6667 x 7 months?
basic salary + da + HRA = 187059 + 46669 + 233728/-
& company has deducted tds 7594/-
2) he pay rent 9000 per month in noida?
now the question is
1) can he claim rent which he paid in noida for living ?
2) can he claim tds refund which is deducted by company ?
if he claim then how much amount & under which section ?
CA Himanshu Khurana
(Chartered Accountant)
(813 Points)
Replied 27 May 2011
1. He Can not Claim Rent Directly. He Can Claim Exemption U/s 10(13A).
2. Plesae Clear Salary Amount
CA NITUL MEHTA
(KPMG-Senior Consultant-International Tax )
(236 Points)
Replied 27 May 2011
IN YOUR CASE AS HE IS LIVING IN NOIDA LEAST OF THE FOLLOWING IS ELIGIBLE FOR DEDUCTION
1) 40% OF SALARY HERE SALARY FOR YOU IT IS (BASIC +DA)
2) ACTUAL HRA RECCIVED THAT IS 6667*7
3) EXCESS OF RENT PAID OVER 10% OF SALARY ,(BASIC+DA) SO 9000*7-10% OF SALARY
LEAST OF IT WILL BE DEDUCTALBE FROM SALARY REST WILL GET TAXED IF ANY.
THERE IS NO PROBLEM IN CLAIMING TAX THAT THE EMPLOYER HAS DEDUCTED THE WHOLE 7594 CAN BE CLAIMED AS TDS PAID AND HRA YOUDO THE ABOVE CALCULATION AND FIND YOU SELF
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 27 May 2011
| Originally posted by : himanshu | ||
 |
1. He Can not Claim Rent Directly. He Can Claim Exemption U/s 10(13A). 2. Plesae Clear Salary Amount |
 |
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