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Rent free house

SHIV KUMAR (Co-Founder of Sublime Associates) (245 Points)

19 September 2019

rent free house in city with papulation less 15 lakh for which the company paid 4000 per month as rent the house is furnished and the rent of furniture 1500 per month.please explain me this question with example

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12 Replies

Kapadia Pravin (17259 Points)
Replied 20 September 2019

The deduction available is the least of the following amounts:

a. Actual HRA received;

b. 50% of [basic salary + DA] for those living in metro cities (40% for non-metros); or

c. Actual rent paid less 10% of basic salary + DA
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Rent of furniture not allowed.

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SHIV KUMAR (Co-Founder of Sublime Associates) (245 Points)
Replied 20 September 2019

Basic salary is 214000 and da is 72000 actual hra cant not be given only 4000 rent per month give and the answer in the book is 44670 its is impossible to caluclate

Kapadia Pravin (17259 Points)
Replied 20 September 2019

You mean to say A & C (actual rent paid) are same !

SHIV KUMAR (Co-Founder of Sublime Associates) (245 Points)
Replied 20 September 2019

Yes you are right mam

Kapadia Pravin (17259 Points)
Replied 20 September 2019

No mam. it's Mr.

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sabyasachi mukherjee (27574 Points)
Replied 22 September 2019

Yes its Sec 10(13A) rule 2A.
house rent allowance....

Kapadia Pravin (17259 Points)
Replied 23 September 2019

Shivkumar the querist wants HRA working on data given.
He knows all sections.
Sabyasachi provide the real solution.

SHIV KUMAR (Co-Founder of Sublime Associates) (245 Points)
Replied 23 September 2019

Basic salary is 214000 and da is 72000 actual hra cant not be given only 4000 rent per month give and the answer in the book is 44670 its is impossible to caluclate this is only tha data in book sir

sabyasachi mukherjee (27574 Points)
Replied 23 September 2019

@ kapadia this forum is not for solving sums.
if the querist knows all section and all income tax related matters its useless for him to ask the questions.
whatever u hv provided we hv been taught in the year 1992.
the comditions are enumerated in detail in tge section.
the conditions provided are written there.
least of the conditions.