Annual rent paid is 40k which is less than 10% of the basic salary
can the full rent paid 40k be claimed under sec 10(13A)
No.
7 Replies
Radhey Shyam Jha
(Student)
(1616 Points)
Replied 01 July 2024
The lowest of the following amounts can be claimed as HRA exemption:
1. Actual HRA received
2. 50% of [basic salary + DA] for those living in metro cities (Delhi, Kolkata, Mumbai or Chennai)
3. 40% of [basic salary + DA] for those living in non-metros
4. Actual rent paid (-) 10% of [basic salary + DA]
1. Actual HRA received
2. 50% of [basic salary + DA] for those living in metro cities (Delhi, Kolkata, Mumbai or Chennai)
3. 40% of [basic salary + DA] for those living in non-metros
4. Actual rent paid (-) 10% of [basic salary + DA]
yashmitha
(student)
(81 Points)
Replied 06 July 2024
As per the above calculation actual rent - 10% of the Basic salary would be negative
yashmitha
(student)
(81 Points)
Replied 07 July 2024
Thanks, is there no option to claim rent paid if it is less than 10% of the Basic Salary
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