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HRA

Amod Ranjan (Service) (356 Points)

01 April 2011

Please help me,

if someone getting Rs.20,733 as a HRA and he is providing me rent receipt of Rs.25,000 with rent agreement, so please let me know is it acceptable or not?

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3 Replies

Vikas Marele (CA in Service) (1144 Points)
Replied 01 April 2011

Ya it is acceptable dear & take HRA deduction as minimum of 3 conditions given in section.

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Sravanthi (CA Final ICWA Final & M.B.A) (737 Points)
Replied 01 April 2011

least of following three will be exempted

Hra received
50% of salary in case of residential accommodation taken on rent is situated in Bombay ,Calcutta ,Delhi, or Madras (Chennai) and 40 % of salary in in any other case.
rent paid in excess of 10 % of salary

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 01 April 2011

Originally posted by : Amod Ranjan
	Please help me, if someone getting Rs.20,733 as a HRA and he is providing me rent receipt of Rs.25,000 with rent agreement, so please let me know is it acceptable or not?