Employee claiming Home loan principle and interest
and also submitting Rental receipt
and also claiming HRA in salary
clarify for rule position.
2 Replies
sabyasachi mukherjee
(27574 Points)
Replied 21 March 2024
Rental receipt is compulsory in case availing exemption
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 21 March 2024
gross pay= basic+hra+allowance+special allowance.
taxable income= gross pay - (pf+pt+esi)- standard dections 80c (loan falls here)
tax laibility on salary= slab rates total on taxable income-rebat+tds
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
