Hii guys
My brother is paying Rent 8000 per month and claiming HRA. Now is there any Maximum limit for rental payment to claim HRA..? Can we show 15,000 per month and claim HRA. We are ready to file income tax return in the recipient name..
Plse Share if there is any provision regarding Maximum Rent payable..
While calculating income from salary HRA shall be calculated on the basis of rent paid per month from that exemption u/s 10(13A)
shall be deducted:
Actual HRA Received :
Less : Exempt u/s 10(13A) lower of the following :
i) Actual HRA Received
ii)Rent paid less 10% of salary
iii) 50% of salary
CAclubindia
