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HRA applicable or not

rashmi ranjan mallick (5 Points)

29 March 2019

If I moved to my own house still can I claim HRA from my company or not?

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8 Replies

CA Naveen Chand (Chartered Accountant) (12739 Points)
Replied 29 March 2019

NOT AT ALL

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ACCOUNTS08 (WORK) (142 Points)
Replied 29 March 2019

no u cannot. HRA is only for employees who use rented flats or houses However there are many who present false rent reciepts to claim the exemption.As per the act the same is not permissible..

Sahil Jain (FAFD, DISA, CA) (Practicing Chartered Accountant ) (2476 Points)
Replied 29 March 2019

No you cannot claim HRA

sandipnokia100 (92 Points)
Replied 29 March 2019

you can cliam HRA ...but in this case you have to show the entire amount of HRA received as TAXABLE INCOME

Kalyani (Chartered Accountant) (181 Points)
Replied 29 March 2019

HRA received from your employer is fully taxable, if you are not paying any rent or you are staying in your own house.

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Naresh Khanduri (301 Points)
Replied 29 March 2019

no u can't..

CA Manish Jathliya (Professional) (401 Points)
Replied 29 March 2019

No,

as PER HRA RULE -HRA allowed Least of following

a) HRA PAID BY COMPANY

B) 50% of Basis

c) Rent paid -10% of Salary

So you paying 0 Rent so HRA allowed as per INCOME TAX also ZERO( Least of a,b,c)

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JAYANT D TAMBVE (Superintendent) (27 Points)
Replied 30 March 2019

If you are living in your own house you can not claim HRA exemption. But if you are residing in the Parents house you can show that you are paying rent to the Parents and claim HRA exemption. No rent Payment and getting HRA then NO INCOME TAX EXEMPTION.