narendra khandelwal (service) (204 Points)
07 October 2008can a employee claim HRA exemption even if HRA received is more than Rent PAID?
for example:
basic pay 20000
HRA 50% 10000
CA 800
other Allow 1200
total salary 32000 pm.
rent paid 7000 pm
place chennai
Exempted HRA: least of following i.e.60000
a. HRA Received 10000*12=120000
b. rent paid-10% Salary (7000*12)-10% of 240000 = 60000
c. 50% of 240000 = 120000
is above calculation is correct.
can deptt. may ask questioned employer for excess HRA over rent paid
Brijesh Upadhyay
(Practicing Chartered Accountan)
(31 Points)
Replied 07 October 2008
yes, employee can claim HRA even if it is more than its actual rent expense. Department can never ask why salary is structured in particular way by the company?
RAVI KUMAR M
(CHARTERED ACCOUNTANT)
(66 Points)
Replied 07 October 2008
Can be claimed. The Department has no locus standi on the structuring of salary
CA Rachit K Patel
(Chartered Accountant)
(1503 Points)
Replied 08 October 2008
hi,
yes employee can claim the hra in excess of rent paid.Your calculation is for hra is correct.Department has no reight to question why you have paid such excess rent etc, etc......
bye.
DHARMENDER
(PCC)
(28 Points)
Replied 11 October 2008
| Originally posted by :narendra khandelwal | ||
| " | can a employee claim HRA exemption even if HRA received is more than Rent PAID? for example: basic pay 20000 HRA 50% 10000 CA 800 other Allow 1200 total salary 32000 pm. rent paid 7000 pm place chennai Exempted HRA: least of following i.e.60000 a. HRA Received 10000*12=120000 b. rent paid-10% Salary (7000*12)-10% of 240000 = 60000 c. 50% of 240000 = 120000 is above calculation is correct. can deptt. may ask questioned employer for excess HRA over rent paid |
" |
Hello sir,
your calculation is right. If Your statement true, then you must take the rent slip from owner. by reciept ticket.. then you take easilytake this deduction. easily examption.u/s 10 (13)A
DHARMENDER
(PCC)
(28 Points)
Replied 11 October 2008
| Originally posted by :narendra khandelwal | ||
| " | can a employee claim HRA exemption even if HRA received is more than Rent PAID? for example: basic pay 20000 HRA 50% 10000 CA 800 other Allow 1200 total salary 32000 pm. rent paid 7000 pm place chennai Exempted HRA: least of following i.e.60000 a. HRA Received 10000*12=120000 b. rent paid-10% Salary (7000*12)-10% of 240000 = 60000 c. 50% of 240000 = 120000 is above calculation is correct. can deptt. may ask questioned employer for excess HRA over rent paid |
" |
Hello sir,
your calculation is right. If Your statement true, then you must take the rent slip from owner. by reciept ticket.. then you take easily take this Exemption (13)A
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