Hi, I had received HRA for 6 months. I had paid rent for the entire year. Will I be able to claim HRA deduction for teh rent paid for full year or only for 6 months basis.
3 Replies
Ratan Deep Saxena
(Asstt Manager (Accounts & Finance))
(2998 Points)
Replied 12 April 2010
U cn Claim the deduction of HRA as under
Least of
1. Rent Paid
2. Actually Allowance Received
3. Rent Paid - 10% of salary.
You can claim the HRA for the whole year as well though actual allowance received would be less than Rent paid.
regards,
ratan
SUNIL GARG
(CHARTERED ACCOUNTANT)
(175 Points)
Replied 12 April 2010
Hi Amit,
While calculating exemption for HRA under section 10(13A) of the IT Act, you have to consider rent only for SIX months.
Amir
(Learner)
(4016 Points)
Replied 12 April 2010
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