House Rent Deductions

I think, you wont get any exemption under HRA, and rule clearly says least of the three... so,as least of the three is a negative figure,which means no exemption under this act...

Yes, you will not get any HRA exemption, I agree with Meghdoot.

I am 80% sure.....

Mr. Rajarajan, its sad to tell u that, u wont be getting any exemption for HRA in this case because the provisions of HRA is as follows

1. HRA must be included in your salary component
2. You are staying in the rented house
3. Your rent is more than 10% of your salary

1. The amount received as HRA from the
2. 40% of salary. It is 50% of salary if you are staying in any of the four cities: Delhi, Mumbai, Chennai or Kolkata.
3. Rent paid minus 10% of salary

As the exemtion is for least of the above, and least is 0 (ZERO) so you wont be getting any exemption.

Thank u Hitesh Kumar

Rajarajan

 no yar ...

it is but abvious k ....u can't get deduction.

resun ..u have to select lower of the 3 s the deduction and if one comes negative ...it show ur deduction amoutn under 10(13A) is zero

i agree with hitesh sir..

 since the least of the 3 conditions is nil

 so, no exemption cn b claimed

YOU CANT NOT TAKE EXEMPTION. BUT IF U DONT GET HOUSE RENT ALLOWANCE, YOU WILL BE ELIGIBLE FOR DEDUCTION U/S 80GG

can u plz give explaination of 80GG wrt rfa

No exemption is allowed.