In HRA deduction, the last condition is : Excess of rent paid over 10 percent of salary.
If the actual rent paid is only for five months, then whether to consider 10% of salary for five months or for 12 months?
2 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 04 March 2015
5 months salary shall be considered.
.
As per Rule 2A of the Income-tax Rules, "....one-tenth of the amount of salary due to the assessee in respect of the relevant period....", and
.
relevant period means the period during which the said accommodation was occupied by the assessee during the previous year.
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 07 March 2015
| Originally posted by : |)eep @ k Gupt/\ | ||
 |
5 months salary shall be considered. . As per Rule 2A of the Income-tax Rules, "....one-tenth of the amount of salary due to the assessee in respect of the relevant period....", and . relevant period means the period during which the said accommodation was occupied by the assessee during the previous year. |
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