How much deduction is allowed for rent paid by salaried person for AY 2019-20 ?
on salary income
4 Replies
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 17 January 2019
Not fixed , but 3 condition applied to determine HRA Exemption.
NITIN KOTAK
(SERVICE)
(1465 Points)
Replied 17 January 2019
The actual HRA offered will be the lowest of the following three provisions: The amount received as the HRA from the employer. Actual rent paid less 10% of the basic salary. 50% of the basic salary if staying in a metro city and 40% in a non-metro city.
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
