If a salaried individual pays 15000 pm as house rent how this should be shown in case of tax payer and landlord ?
what is the tds for that?
who should pay and how to claim?
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Housw rent for salaried individuals
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Salaried Person can not deduct tds & pay to government. It can be claimed HRA Exemption. Employer can deduct tds on calculation whole salary exemption/ deduction as income tax slab applicable to you.
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