I am a Govt. Employee from Assam. My Department deduct my actual HRA @ Rs. 2000/- p.m. (24000/- p.a. ) as I am residing in a Govt. Quarter here in Guwahati. They also deduct Rs. 100/- p.m(1200/- p.a.) in addition to that HRA.
Will I get any tax exemption on additional amount that I paid for House Rent ? If 'Yes' under which section of IT act ?? Waiting for experts reply.
Regards,
Satya
Guwahati
Refer section 10(13A) which provides as below
House Rent Allowance: Exempt least of following;
(1)excess rent paid over 10% of salary due for relevant period; or
(2)Mumbai, Chennai, Kolkata and Delhi:- 40% and other place 50% of salary due for relevant period; or
(3)Actual allowance received for relevant period.
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