JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
08 December 2021Can we claim hra if not mention in form 16 ., if yes means what is the procedure for fiing manually
Jatin Mittal
(CA)
(38 Points)
Replied 08 December 2021
Yes, we can take exemption of HRA even if it is not declared in form 16. While filing the return, we have to calculate HRA exempt as per rules provided in Income Tax Act, and then we can take exemption for the same at the time of filing the return.
sabyasachi mukherjee
(27574 Points)
Replied 09 December 2021
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 11 December 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 20 December 2021
An employee can avail tax benefit on HRA as per the rules laid out in the law, provided he/she is paying rent and living on the rented accommodation. For most employees, House Rent Allowance (HRA) is a part of their salary structure. Although it is a part of your salary, HRA, unlike basic salary, is not fully taxable.
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