If you happen to be a salaried employee claiming House Rent Allowance (HRA) from your employer, you are eligible for an Income Tax exemption under Section 10(13A) of the Income Tax Act. How do you calculate this exemption amount? Simple.
Find the minimum of the following three options:
- Actual house rent allowance received from your employer
- Actual house rent paid by you minus 10% of your basic salary
- 50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro
This minimum figure is the allowed income tax exemption on house rent allowance. It’s prudent to work this out so that you can structure the other components of your variable pay better.
Have you ever looked close at the statement of tax generated each month (along with your salary slip) by your employer? Do you understand where your money is going? If no, it’s high time you did.
Further reading:
- A House Rent Allowance (HRA) Exemption Calculator
- Why It’s Not Such a Good Idea to Take a Loan from Your Employer Even if It’s Interest Free?
- Tip Tuesdays: Why You Should Opt for Employees’ Provident Fund (EPF) as Part of Your Salary if Your Employer Offers the Option
- Ask the Readers: How Can I Get a [Duplicate] Copy of My Acknowledged Income Tax Returns?
- Tip Tuesdays: Investing Just to Avoid Paying Income Tax is a Really Bad Idea
{ 198 comments… read them below or add one }
can we get some information about how FBT and how it calculate
Hi,
I m new to this Tax thing. What is the minimum HRA we can declare without bills. Actually My landlord is not here so no means of getting rent receipt from him.
which type of document i submit for tax saving for HRA shown as a house rent
1) METRO OR NON METRO THANKS TO CONFIRM THE ABOVE EMAIL ADDRESS.
which type of document i submit for tax saving for HRA shown as a house rent
Is it mandatory to produce House Rent receipt in original from the house owner with PAN card number, because all house owners may not have the PAN?
Pl mention relevant rule for reference & guidance.
hi
shanker
house rent receipt mandatory .
pan card no of house owner is not mandatory.
Hi,
I am Paying Rent to my Dad, can I get House Rent Rebate, if yes that what is the procedure & Documents Required for the same
i want to ask question regarding HRA
if HRA i recieved from my employer is less then actually i paid rent then what happen
suggest me
Is it mandatory to produce House Rent receipt in original from the house owner with PAN card number, because my house owners may not have the PAN? Pl mention relevant rule for reference & guidance.
Hi
I want to ask question regarding HRA
1. which type of document i submit for tax saving for HRA shown as a house rent,
2. How to Calculate the HRA , ( give me some example)
Kandly sugeest me
regards
M.Faiyaz A
ID : mfaiyaz@hotlinemail.com
i m paying house rent rs. 3000/- p.m. receipt of which has been given to my employers but without landlord’s PAN no. Now the employers are saying that HRA rebate will not be given to me as PAN no. of the Landlord has not been quoted in the rent receipt.
Kindly advise, is it mandatory to have PAN no. of Landlord on rent receipts as my landlord is not having pan card.
in case if it is not mandatory to have landlords PAN no. on rent receipt kindly give the provisions of the rule so that i can claim rebate.
pan card number of house owner is not mandatory
i want to know that can a male avail HRA rebate by giving house rent to parent
i m paying house rent rs. 3000/- p.m. receipt of which has been given to my employers but without landlord’s PAN no. Now the employers are saying that HRA rebate will not be given to me as PAN no. of the Landlord has not been quoted in the rent receipt.
Kindly advise, is it mandatory to have PAN no. of Landlord on rent receipts as my landlord is not having pan card.
in case if it is not mandatory to have landlords PAN no. on rent receipt kindly give the provisions of the rule so that i can claim rebate.
Please clarify. I have a house in chennai and have taken Loan. The Place of work is in Hyderabad.
Can I claim the Benefit of HRA - 10(13A) and also the Benefit of Income from House Property for the Interest and Principal amount under 80C.
Regards
S. Radhakrishnan
How to calculate HRA exemption ?
sir ,
my basic salary is rs.5500 and i am paying rent per monrh rs 3500, i am living in a non metro city then how much rebate allowed on income tax
Please clarify. I have a house in calicut and have taken Loan. The Place of work is Malappuram.Can I claim the Benefit of HRA - 10(13A)
2. How to Calculate the HRA , ( give me some example)
i am paying rent to my dad . will i am able for tax rebate?
please guide me
Hi,
Payment to Dad–You can claim HRA if you your dad is not dependent on you
PAN- Landlords PAN on Rent Receipt has been made mandatory for HRA from 2007-08. if your landlord dosent have PAN then tell him to give form 60. If he is not willing to give PAN number then you can submit the rent agreement to your employer.
hi,
will i get HRA as i am staying with my parent. how do i avail HRA exemptions. please anyone guide me.
Please adivse to me whether Hyderbad city is under metro or not as per I.T Act.,
Can I calim 50% of Basic salary as HRA exemption.
Hi Devoo,
Yes u can claim tax benifit for the HRA paid to your parents.
1.Provided u show the reciepts and teh contract letter with them
2.Provided they also show the rental income while filing their taxes.
So in a way, u get an extra buck and they wud tend to loose that while filing taxes.
Decesion is urs..!
Cheers!!
Can an employee rent a house form a company and claim a house rent allowance and pays rent to company itself?
Can i submit my HRA & Medical bills for the period working under the last employer to my present employer?. If so, is present employer is liable to accept & consider the same?
I pay rent for me in the city i work as well as for my parents who lives in a different city. can i claim hra exemption for both the rent paid by me.
Hi,
Kindly let me know know with Rent recipts if rent agreement is mandatory.. ????
Hi,
My HRA is Rs 6250pm and i am paying a house rent of Rs 10,000pm. I have given all the docuuments to the company along with the receipts.
I would like to know will there be any tax dedction on my salary, i am working in mumbai
Hi,
Kindly let me know know with Rent recipts if rent agreement is mandatory.. ????
How to calculate HRA?….
can any one please make it clear by giving some live examples?
I am getting HRA from Employer,then tell me whether i do rent agreement and monthly rent receipt
I Want to Know the how to calculate the HRA.,
One of my cologue he is working our organisation :
His Salary Per Month (Before HRA) Rs.30000/- We are Paying Rs.4000/- HRA,
He was Paying actually Rs.4000/- for HRA. How to calculate how much amount exemption for HRA in his Salry Per Annam.
Find the minimum of the following three options:
1. Actual house rent allowance received from your employer
2. Actual house rent paid by you minus 10% of your basic salary
3. 50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro
Which ever is less then from give these three information is amount of exemption for HRA
let supose Mr. A basic salary is RS 5000.his HRA is Rs 2000
and he live in mumbai and pay 3000 rent per months
Solution:- 1. Actual house rent allowance received 2000*12=24000
2. Actual rent paid by A 3000*12=36000-10% of salary
36000-6000=30000
3. 50% of basic salary becouse he live im metropolition city
5000*12=60000*50%=30000
Exemption from HRA = 24000pa.
my hra is 10761
rent paying: 10000
how to i calculate as to how much should i declare rent and
how much rebate i’ll get
tell me your basic salary DA and other allowance which include in basic salary then i calculate the exemption in HRA
CAN I TAX REBIT ON HRA RECIPT ISSUED BY WIFE.
Can we show the flat maintenance charge we pay as part of HRA excemption.If yes, what is the dicument to be submitted
no exemption you can receiv from the falt maintanance
Hi
I was not able to claim HRA exemption from my employer. Is their any provison that I can claim it when i ll file my return. Also can u plz tell me till what rent range (lower cap) we do not have to submit the reciepts and lease aggremnet.
Thanks
I Had Paid House rent for my house 12000 for the same,single house with two lease aggrements of Rs 7000/month as a house rent and Rs 5000 per/month as a maintenance?
I would like to know how much Tax rebate will i get from House Rent Exemption?
My Basic and DA is Rs 16000,
Actual HRA Received from the employer is Rs 11000
Dr Prabhakaran Palanichamy
drprabhakarvet@friendicoes.org
1. if you live in metropolion city then
a) HRA received 11000/-
b) House rent pay -10% of salary
12000-1600=10400
c) 50% of salary
8000
then which ever is less than above these 3 statement that the exemption from HRA
your total HRA taxable is Rs. 11000-8000=3000/- Rs
2. if you live in non metropolotion city then
a) HRA received 11000/-
b) House rent pay -10% of salary
12000-1600=10400
c) 40% of salary
6400
then which ever is less than above these 3 statement that the exemption from HRA
your total HRA taxable is Rs. 11000-6400=4600 Rs.
What is the definition of salary under HRA?
under HRA in salary include
1. basic salary
2. DA
3. Bonus
Vivek, thank you for patiently answering the queries.
its ok sir
Dear Sir/Madam,
I am working in a PSU Bank as an Officer. During March 2008, I had to spent about Rs.1 lac for the Surgery at Kidney (Adrenolectomy) due to a growth, to my wife. Whether this expenses are eligible for I.T. exemption under Medical Treatment Expenses to Close Relatives / Self.
I got a reimbursement of Rs.40000/- during June 2008 (F.Y.2008-09) for which I have to pay tax this year.
Kindly guide me, is there any provision for getting tax exemptions / relief for the above.
Thank you
MUTHUPETCHI V
HI, I am working with one company based at baroda. My basic is 30000/month. I am leaving at baroda & my family at ahmedabad. Both location we are paying rent. Can i cliam total HRA from both & how much.
Thanks
Jigar
what the sistem given HRA benefit to Employee kindly suggest
Hi
There is a tricky situation for me. Kindly help
I am living in chennai in a rented apartment.
My HRA is 72,000 p.a
Total rent that i am paying is 72,000 p.a
now there is an additional amount that i am paying as part of my Electricity bills i,e 6000 p.a approx.
Therefore total amount that i am paying to the landlord is (72,000 6000) = 78,000 p.a
My company has a policy that if the rent is more than 6,000/month (72,000 p.a) then i need to submit a rental agreement.
Q1. Can that additional 6,000 p.a that i am paying extra in lieu of electricity bills be clubbed into my total rent to make it 78,000/- or is it that my rent will only be counted as 72,000/- p.a
Q2. My landlord is not ready to give me rent receipts, or a rental agreement apparently because he himself is not paying any tax on the income from the apartment and that forms a part of his black money.
as such with no rent receipts or rental agreement how can i claim tax exemption ? am really in a fix …… Please help
Rahul, with no rent receipts or rental agreement there’s really no way you can claim tax exemption. Moving forward, I am sure that rental agreements/receipts will be made compulsory no matter what the amount is.
Thankx for a response Vinaya.
atleast now i know either by hook or crook i got to get the agreement and and the rent receipt.
Please help me to HRA Calculations, i am giving details below,
1. Mr.Mahadev Salary Rs.30000/- per Month , He is paying house rent per month rs.4000/- & we are paying him HRA Rs.4000/- Per Month,how much HRA he is eligible.
2. Mr.Sharath Salary Rs.15000/- per Month, He is Paying HOuse Rent Per Month rs.3000/- & we are Paying him HRA rs.3000/- Per Month, How Much HRA he is Eligible.
padma,
facts are not complete: 30000 is total salary. we need basic salary for hra exemption. and also if it is one of four major metro or any other city.
i m giving example, you can replace figures to get your answer…
1.
total salary - 30000 pm
basic salary - 10000 pm
hra - 4000 pm
actual - 4000 X 12 = 48000
> 10% - 10000X12=120000X10%=12000. 48000-12000=36000
50% (major metro) - 120000/2 = 60000
exemption would be 36000 and taxable hra wud be 12000
hope this will help…
rahul,
another clarification… you will not be able to get any benefit for your electricity expenses.
it is applicable to only actual house rent without any utilities expenses.
jigar,
you can claim only for one house.
i wud suggest to take advantage for the one you paying more.
Hi,
The HRA excempt from TAX is applicable on the least among the three criterias given above.
So it does not matter how much you are paying if it is greater than your HRA specified in your offer letter or salary structure…
For example, If you have 6500/- month HRA in your salary and you are paying 7000 or 8000 then it will be applicable to 6500/- only and you need to produce receipts of at least 6500/- month to save the TAX…
Thanks,
Deepesh
Hi,
The HRA excempt from TAX is applicable on the least among the three criterias given above.
So it does not matter how much you are paying if it is greater than your HRA specified in your offer letter or salary structure…
For example, If you have 6500/- month HRA in your salary and you are paying 7000 or 8000 then it will be applicable to 6500/- only and you need to produce receipts of at least 6500/- month to save the TAX…
Thanks,
Deepesh
deepeshkant@yahoo.co.in
1. I am paying rent to my father (inherited property in the name of father) and claiming HRA exemptions. Six month back, property has been transferred to my mothers name and my wife name. But my mother died after transfer of property . Can I pay rent to my father and avail exemtions
1. I am paying rent to my father (inherited property in the name of father) and claiming HRA exemptions. Six month back, property has been transferred to my mothers name and my wife name. But my mother died after transfer of property . Can I still pay rent to my father and avail exemtions?
Hi,
I am a tenant and my landlord wants me to pay for any maitenance to occur. Is it legal or correct? If it is so, can i claim tax rebate in it? What all i need to produce while filling the claim?
Hi ! Supposed I received HRA OF RS.500/- & My Basic salary of Rs.1000/- but i live with my parents & I didn,t paid rent to them or otherone else. So can i pay for tax on HRA?
how to calculate for HRA and also how to submite form 16
give me some sample for HRA and also how to prepare for 16
I am a government salaried person and i stay with my mother who is a pensioner of government of india and she is below the tax limit.. can i take rent receipt from her. My rent receipt is higher than the HRA ..then how to calculate the tax..and under which section rebate can be claimed.. plz guide me.
sudhir
Rs. up 3000 rent receipt is not necessory in income tax .
Is registration of Rent agreement compulsory for claiming tax benefit
Yes rent agreement is compulsory for taking exemption in HRA .
Hi!
My HRA is Rs. 87000 pa. (50% of Basic + DA)
I’m paying a rent of Rs. 24000 pa.
Does it means that I’m eligible for only Rs. 6600 pa exemption?
(24000 - 17400 = 6000) (Actual rent paid - 10% of Basic + DA).
Hi,
I have a flat purchased in 2001 on my and my wife’s name. i was taking benefit of interest and principal for income tax till now as she is not working. we have completed the loan and now there is no benefit as such of this house (loan completed), also i can not claim HRA. so wanted to know if i can transfer this flat to my wife’s name ? and pay her rent to get HRA benefit?
Regards - MY
yes, Mr. Akmal u r only eligible for exemption of Rs. 6600/-…..
Hi
can i get HRA rebate which i am paying for my dependable inlaws staying in non metro, if yes what is ACT no income tax.
I AM A OFFICER IN NATIONALISED BANK. I AM NOT RECEIVING ANY HRA FROM THE BANK.I AM ELIGIBLE FOR RENT REIMBURSEMENT @ RS.4400/- PM. BANK IS DIRECTLY PAYING THE RENT @ RS .8000/- P.M. BY RECOVERIONG , RS. 3600 FROM MY POCKET, AND ALSO DEDUCTS STANDARD RENT @RS.300 FROM THE SALARY. MY MONTHLY BASIC IS RS.23000. I AM IN METRO CIT. PLEASE GUIDE ME ABOUT EXEMPTION AMOUNT ON HRA .
VIKRAM SOLANKI
CHENNAI.
very useful information
Hi,
I am staying in Bangalore in a PG(not a big amount) and my parents are staying in kolkata. Can I claim HRA by showing that I am paying rent for them at kolkata. I was showing this as rent receipt in my earlier organisation but in the current organisation they are saying it is not legal. Please advice.
Regards,
Nivedita
i want to ask question regarding HRA
if HRA i recieved from my employer is less then actually i paid rent then what happen
suggest me
yes,
Nivedita ,
You r not take exemption from HRA with take the rent receipts of your parents in kolkata.
It is illegal .
hiiiiiiiiiiiiii
Deepak Mehetre
There is no issue on that your house rent allowance is less than your rent paid…..
Is house rent exemption comes under savings which we can do upto maxinum of 1 lakh rupees. plz clarify.
waiting for reply
omg!!! so many comments do you know there is a simple tool to get your work done?
http://www.ceveni.com/2009/01/income-tax-calculator-calculate-your.html
having HRA 7500/- besic salary 15000/- rent receipt 7500 at metro area ,how i calculate of hra exmpition
there are three statements
in these statement which is less that that are the exemption from HRA
you leave in Metro city so
1 actual HRA received.
2. Rent paid - 10% of salary
7500-1500=6000/-
3. 50% of salary because u leave in metro city.=7500/-
Out of these which is less that that is exemption in HRA RS. 6000/-
dear Mohit
House rent exemption is not Saving.u can take exemption only with HRA.
is it necessary to give rent receipt along with pan no if HRA is less than 3000 my HRA is 1650
thanks
Dear Sir,
this is information for hra knowedge
this is mywebsite
I have double story house registered jointly with my father’s name.We live at 1st story of building and ground floor is given on rent.
Can I show the complete rented incone in father’s income?
My father is retired person.
Find the minimum of the following three options for house rent allowance
Actual house rent allowance received from your employer
Actual house rent paid by you minus 10% of your basic salary
50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro
thanks
Qamar
Pilibhit
1. i am not receiving house rent allowance from my employer
2. but i want to get an exemption on house rent what actually i paid to owner.
then what is the calculation.
In a Private Company employees were below 20 nos, credit the salary to their bank a/cs after deduction of only Profession Tax as per rules, with out giving the break of Basic, DA, HRA, Conveyance Etc., here my question is as from the Employee side how can i get the maximum Benefit. for Ex. Salary Credited Rs.34,800/- shall i consider Basic Rs.10,000/-, DA Rs.12,800/-HRA Rs.11400/- Conveyance Rs.800/-??? is their is specific rules or percentages are their for Salary Classification.
According to comment, flat maintenance can be included in the actual rent paid for calculating exemption. Can you please confirm? I pay rent to the flat owner and maintenance to the apartment association.
Hi ,
I want to know that can I claim Housing loan and house rent allowance for Income tax exemption…Housing loan property is at kolkata where my parent are staying and I am working in chennai staying at rented house. pls suggest.
Vivek,
A reader of my blog has asked the following question. Can you please help answer this query?
I live in a leased house (not leased to the company). The lease amount is six lakhs for a period of three years. Please let me know how the rent is calculated for the same. And how I can get tax exemption.
Thanks in advance.
Vinaya
for calculation of taxable hra, in salary what are including basic only or including DA also?
Hi… If I’m staying in a house of my own (registered in my own name), is there any way that I can claim HRA exemption? My compensation structure does have a HRA component which is quite sizeable. Will I end up paying tax on this amount fully or is there any exemption that I can avail on towards HRA?
Please reply asap…
MY SALRY IS 15000P.M, I AM PAYING HRA FROM EMPL’R 3000P.M, I AM PAID HRA 3000PM HOW TO CALCULATE HRA.ANYBODY CAN SUGGEST ME
Hey thanks! that’s lucid & clear! And as you rightly point out, most of us fail to look at the salary slip, & true..that’s a grave mistake.
I would like to ask about the section 89(a).how we can calculate. I am govt. servant and I got arrear to Rs. 55307/ in the year 2008. The bifurcation of the arrear is 3366/- for the F.Y. 2005-2006, Rs. 20158/- for the F.Y. 2006-2007,Rs. 20850/- and remaining amount pertains to F.Y. 2008-2009. this is 40% of the total arrear. Remainging arrear will be paid in F.y. 2009-2010 i.e. 82961/-.(equal to 60%). How can I adjust my arrear in the previous financial year for 2008-2009 and also in the F.Y. 2009-2010. Whether part of arrear could be adjusted in two different financial year
I would like to ask you some quarry regarding rent exemption. I am working with one MNC company. They are giving me HRA as a part of salary (some percentage of basic salary). Apart from this they are providing me family accommodation. On monthly basis comapny paying this rent to my house owner. Now comapny add this amount to my gross salary. Please tell me, can i got exmeption of house rent allowance by providing rent receipt from my house owner.
Thanks
How do we know whether metro or non-metro
MY SALARY IS 30000.HRA RECEIVED FROM EMPLOYER IS 3000 AND RENT PAID BY ME IS 4000.HOW DO I CALCULATE MY HRA.SUGGEST ME
check out the following for more details on HRA queries:
http://smartmoneyindia.blogspot.com/2009/01/all-you-wanted-to-know-about-house-rent.html
Thanks
http://smartmoneyindia.blogspot.com
What is the minimum HRA we can declare without bills. I understand that up to Rs.3000/- one does not need to give receipt for rent. Is it true? If so, under which rule a person is exempted to submit rent receipt up to Rs. 3000? My employer has asked me to submit receipts for Rs.3000/- p m.
Appreciate an early reply.
my salary is 15000/pm how much reimbursement for hra.
let, the house is in name of parents. can a son living with his parents, shows as he lives on rent, and therefore could he avail the tax benefit at souce.
hi
I want to know about documents required to save tax on house rent paid to owner.whether rent receipt is enough for claim or any other document requires for cliam.Also suggest slabwise document /proof required if nessesory. IF owner do not give receipt then what is alternative way to claim the rent ?
Yes upto Rs. 3000/- there is no need for rent receipts as per income tax rule…………………….
there is no alternative way to claim the HRA…….. for Exemption from HRA rent receipt is necessary ………….and also necessary the rent agreement between lease and leaser ……..than u take the exemption……
I am paying Rs9000/- per month as my rent.
I have submitted my rent receipt for it.
do i need to submit the rent agreement also.as far as i got to know that if rent is below Rs10000/- no rent agreement is required.
Please help me…
no mr. Atul kumar rent agreement is necessary as per income tax rules…………
Hi,
I have taken housing loan and it is under construction.
I am staying in a rented house. I want to know can I submit
both principal amount of the housing loan and house rent for getting
benifit from Income tax saving.
Thanks,
Preetha
I am getting RS-15,500/-Gross Salaries and Rs-1500/- for Convence ,in which Rs-200/- Company is cutting proffesional Tax ,Than Plz Calculate my Tax,
Say,
my basic salary (annual) is: Rs 6,00,000
HRA is : 2,00,000
I pay (paying guest) rent of: Rs 2,000 per month (Annualized to 24,000)
Given this,
Among the 3, if we consider formula 2 for the above (Actual house rent paid by you minus 10% of your basic salary ),
= 24,000 - (600000/10)
= - 36,000
A negetive value! Now, what does this mean?
Am I not eligible for HRA exemption?
haha! nice calculations sandeep.
Your calculation implies that you are earning salary of more than 12 lacs annually but paying a monthly rent of only 2000 rs. Negative value means you should find a better house with such a good salary and leave the lower end houses for others.
You are not only NOT eligible for HRA exemption but may also need to pay additional tax :p
95 Vinaya HS 01.28.09 at 2:32 pm
Vivek,
A reader of my blog has asked the following question. Can you please help answer this query?
I live in a leased house (not leased to the company). The lease amount is five lakhs for a period of three years. Please let me know how the rent is calculated for the same. And how I can get tax exemption.
Thanks in advance.
saptha
95 Vinaya HS 01.28.09 at 2:32 pm
Vivek,
A reader of my blog has asked the following question. Can you please help answer this query?
I live in a leased house (not leased to the company). The lease amount is six lakhs for a period of three years. Please let me know how the rent is calculated for the same. And how I can get tax exemption.
Thanks in advance.
Vinaya
i m paying house rent rs. 3000/- p.m. receipt of which has been given to my employers but without landlord’s PAN no. Now the employers are saying that HRA rebate will not be given to me as PAN no. of the Landlord has not been quoted in the rent receipt.
Kindly advise, is it mandatory to have PAN no. of Landlord on rent receipts as my landlord is not having pan card.
in case if it is not mandatory to have landlords PAN no. on rent receipt kindly give the provisions of the rule so that i can claim rebate.
I am Paying Rent to my Dad, can I get House Rent Rebate, if yes that what is the procedure & Documents Required for the same
You will get following benefit whichever is minimum.
1) rent paid by you
2) 40% of basic salary for non-metro cities
3) 50% of basic salary for metro cities
You can calculate your income tax at http://www.payit.in. Visit http://www.payit.in to calculate income tax.
Srinivas Gundla
I am occupying house on lease, whether its eligible for HRA deduction. If so how the rate of deduction.
See here under HRA Calculation & Formula
Consider Least of Following:
1) HRA Received:
2) 40% of Basic + DA for Non Metro city
3) 50% of Basic for Metro City (Chennai, Delhi, Kolkata or Mumbai)
4) Rent paid-10% of Basic.
Visit http://www.payit.in to calculate your income tax.
Saleemoddin
Kindly advise, is it mandatory to have PAN no. of Landlord on rent receipts to get exmption of HRA received
can any one tell me if Delhi includes NCR for the purpose of calculating House Rent Allowances.
Hi,
PAN No not mandatory to get exemption of hra if you have paid less than 10000/-
let me know i can claim housing loan repayment & intt alongwith hra paid by me
basis salary is 372200 p.a hra paid 60,000 p.a what exempted hra amt i get? 08-09 financial yrs
pls. answer me in detail
Is it mandatory to produce House Rent receipt in original from the house owner with PAN card number, because my house owners may not have the PAN? Pl mention relevant rule for reference & guidance.
I am a government salaried person and i stay with my father who is a pensioner of government of india and he is below the tax limit.. can i take rent receipt from him. My rent receipt is not higher than the HRA . Plz guide me.
i am belong to peramiltery force.i paying house rent rs 5000 per month.and not recevied hra due to dep artmental adminisatration problum. sir hose rent paid by me can i get benefit of hra from income tax or not pleasevgive suggation
To,
Dear Sir,
My HRA is 12500/- p.m.I am staying in our parents house. Please tell me can how much HRA allowance I get in income tax.
Hello,
I want to know that is My HRA is eligible for tax rebate
Pay Structure: salary 660000 p.a.
Basic: 387360
TA : 9600
DA: 96840
HRA: 161400
Actual rent paid : 15000*12 = 180000 (I am in PUNE m.h.)
I have home lone whose EMI is 10799 p.m (total 129588 p.a.)
Home loan interest paid 94223 this year (Me an my mom papers are submitted while taking home loan. But repayment is made from my salary. Mom is house wife now)
My home is in INDORE m.p. . My parents are lining in that house and i am currently in pune.
Total Investment made: 20000
Can you please tell me how much income tax i need to pay and is the HRA is eligible in tax rebate.
Thanks,
Pratik Ranka
My basic salary is 10325 and HRA is (1500*6)+(2323*6) I pay 3000 per month rent Please show my Housing exeumption
Hi
What of the case when Actual Rent paid < 10% of Basic.
You cant get a negative HRA exemption.
In that case will HRA exemption = Actual Rent Paid
or will it be zero?
Regards
can i claim HRA deduction against the rented house at any place other than place of working where in my parents are residing.
Can i claim HRA, if the rental agreement is in my father’s name for which i am paying the rent?
I am staying in a rented house in Delhi. My company does not pay me HRA. Can I still get rebate on house rent at the time of filing the return ?
Yes, you can get rebate on rented house. You can calculate your income tax at http://www.payit.in
Sir, I am living separately from my spouse. Now, to my employer shall i submit the RENT RECEIPT or is there any documentory proof is require to submit to my employeer.
If I paid monthly rent more than or equal Rs.10,000/- , is there any compulsory to produce the HOUSE Owner’s PAN Numer.
Please let met know the facts & oblige.
Sir,
If employeer has refused to accept my rental receipt, can I claim for the HRA refund at the time of submitting my return along with Rental Receipt.
Pleae clarify the same immedialtely.
pls tell me how much amount can i claim without showing pan no for hra examptation.if any rule and refre no send me on my mail pls pls pls it is urgent
Hi
I have a building .state bank of india hair my building as a rental basis.I decleared the rent in my income tax file as a taxable income.pls tell me the form no (like 15 G) where i declar under/sub -section(1)and(1A) of section 197A of the Income-tax Act, 1961. it is urgent.
Hi,
I had a house in Pune and have taken loan on it.
I am staying in Mumbai so can I claim HRA for it saying I am paying rent to my DAD.
Whether that amount becoems taxable to my dad.
Sir,
I am staying in a leased house for which I have paid a sum of Rs.2,00,000/- for three years stay. Is there any tax exemption for this in lieu of HRA. My house owner is not prepared to give house rent receipt. Kindly help.
Sir,
I am staying in a leased house for which I have paid a sum of Rs.2,00,000/- for three years stay. Is there any tax exemption for this in lieu of HRA. My house owner is not prepared to give house rent receipt. Kindly help.
I have declared an HRA as 10000/- pm which is taken into consideration and accordingly my form 16 is issued. Now my actual HRA is 24000/- in order to reduce tax while filing returns can I change my HRA and instead of 10000/- can I revise it to 24000/- and claim the exemption. This is purely to reduce the tax component. Please advise
Vamsi
I am staying in chennai city.
i am paying room rent 5000 per month it is equal to HRA.
i also paying 12ooo principal amount of home loan for my mother.
we got home loan in my mother name. i am the guranteer for paying money.
Kindly help me. can include both for income tax purpose.
Dear Sir,
I am working in contract with PSU. My salary is consolidated salary and I am receiving Rs. 36000/- per month without any other alloance and in my salary slip their is no Basic and HRA paid separately.
I am leaving in Noida on Rent. I want to know how much I will take exemption in HRA from IT Department.
Sanjeev K. Dubey
sir, i want the actual exemtion from our salary .
I have been paid a basic salary of 13600 Rs and Hra of 5600 Rs on paper. The employer itself has provided me the accomodation and the same amount ( i.e.5600) is deducted from my salary .
I am living in a small city in yamuna nagar(Haryana)
how much of HRA can be exempted from income tax
18
I am working in Kolkata.I am staying in a shared rented house of Rs6000 per month.we are two of us,means Rs3000 each?My landlord does not give receipt,but in our lease agreement,the rent payable is clearly mentioned.Can I claim HRA exemption on it?
i want to know why we not considered bonus in the term of salary for H.R.A
Ravi
what base HRA is calculated ,prorate or Monthly if the employee joined middle of the month ,HRA amount calculation taken as a prorate or full for the month..
sir,
i am paying rent @ rs.6000/- pm. land lord is reluctant to give receipt. It is necessary to submit rent receipt. if yes, can u please clarify upto what extent, self declaration of the assessee will suffice
Hi,
I’m staying in Singapore and I’m getting HRA in India. I’m not paying any rent in India. In this case, Will I get HRA tax exemption? If yes, which one I will get?
a) 40% of basic b) Actual rent paid (zero) - 10% of basic c) HRA given by company
My basic pay is Rs.54810.
DA Rs.14799
Total Rs.69609
HRA 10%
If I don’t produce House Rent Receipt,will the HRA be denied to me by the Employer?I do not want any tax deduction.Please guide.
Is it necessary to summit house rent receipt to receive House Rent Allowance per month
if a person living in India and he is a retired employee of Nepal govt. and he is started service in a private firm at Merut his salary is 15000/- PM but he recived one month salry in Nepal while on leave, he has provided furnished house for which employer pay Rs. 5000/- PM but deduct only 1000/-PM from his salary , The furniture provided to him costs 40000/-.
Please suggest how to caculate HRA.
hi
as i was not aware of the fact that i was entitled for hra if i am not occupying govt accomodation ,i claimed for it in bulk .now that i have got the bulk amount i want to apply for tax rebate too the particulars are as given below :
hra claimed from 01 aug 07 till date
query :1)how do i claim for it rebate for 2007-08,2008-09
other particulars :staying in rented accomodation in new delhi and it returns already submitted till 2008-09
how to file a revised return and whether i can file a revised return for 2006-07 and 2007-08 at all
thanks
i m working in a Gujarate state undertaking board. Can i get the benefit of house rent exemption from income tax ?
Hi,
Currently my employer is not having any breakup on the salary and i live in non-metro.
Since there is no breakup i could not claim HRA. This has been discussed with the management and management agreed to give a breakup if there is a benefit to the employee (to us).
Now the accounts manager shows the aforesaid 3 rules and says that our salary is high and we cannot claim any even after we give a breakup.
He is also not clear about howmuch % of salary should be divided for basic.
Say our takehome salary is 25,000, 40,000, 45,000.
Kindly help us, thanks in advance
vasudevan@live.in
Regards,
V A S U
i have no salary or business income but has only interest income from Bank FDs.
I pay rent for my residence. Can I claim dedustion like it is done by a salary earner?
my sister is living hyderabad she is receiing 30% hra.she as w house. they have give it to rent.how to calculate hra.
what should include in salary in order to calculate HRA. Do we include bonus in salary for HRA
Is it mandatory to produce House Rent receipt in original from the house owner with PAN card number, because all house owners may not have the PAN?
Pl mention relevant rule for reference & guidance.
How to Calculate HRA
How much house rent I can show without House owner’s PAN, electricity bill etc.
Sir,
I am staying in a leased house for which I have paid a sum of Rs.2,00,000/- for three years stay. Is there any tax exemption for this in lieu of HRA. My house owner is not prepared to give house rent receipt. Kindly help
Is it mandatory to produce house rent reciept in original from the house owner with PANcard number,becauseall house owners maynot have PAN?
Please mention relevent rules for reference & guidance.
Is it mandatory to produce house rent reciept in original from the house owner with PANcard number,becauseall house owners maynot have PAN?
Please mention relevent rules for reference & guidance.
I am salaried person and getting HRA. I have own house. Am I eligible for tax rebate on HRA.
HansRaj,
Total HRA will not be denied by your employer, but if you dont submit rent receipts then you have to pay the tax for the whole HRA. in case you submit the rent receipts then your tax will be saved.
Dear Sir,
When in a employees sheet HRA is shown as Rs.5000/- PM but he doesnt want to disclouse how much rent he is actually paying. So, in that case, what will be the HRA deduction u/s 10 (13A)
1. HRA received : 5000 pm
2. 40% of Basic salary : 15600
10% of Basic will be 3900 or Actually paying ?
Amoung all above 3 which is least one.
Thanks & regards
Krishna Lokapur
Thanks, you have written lovely………………….
Hello,
i get salary check of rup- 20,000 pm.
In the computation i got from office there are mention values are like bellow-
income from salary
salary-
Basic Salary 1,44,000
Allowances-
HRA 72000
TA 24000
Less Exempted-
HRA- 45,600
TA- 9600
Deduction PPF- 50000
Could anybody explain how much i have to invest now?
Please reply ASAP
Basic salary is- 1,44,000
HRA exempted- 45,600
I am a Govt. employ and getting HRA - Rs-9186/month(30% of my basic salary) . Can I submit rent recipt from my wife ,she is the owner of house. what is the amount of the recept for full exemption of rent. please help me.
thanku sir,
Amrita
Sir,
Iam working as Assistant Eng In KPTCL .Iam residing in the House provided by the firm.The HRA was deducted for the same .But For income tax calculation the employer is taking HRA as Income.Pls suggest me whether the deducted HRA can be taken as Income?
Is it necessary that employer has to pay 50% of basic as HRA to employee if its in metro city (mumbai in my case)?
Or they can escape paying 35% and say this is the structure and that’s it?
Is the Amenities charges (part of rental charges) is eligible for tax exemption, please?
Please confirm me with following date how much amount is expempted on HRA from salary
Gross salary - 4,35,958/-
HRA received on Salry-41,244( for 12 Month)
HRA paid Rs. 60,000/-( Rs 5,000/- for 12 month)
10% of total basic pay Rs.19,512/-
Dear Sir/Madam,
Kindly inform whether only basic pay or basic with D.A is taken for calculating 10% of salary for deducting from the House Rent paid, for exemption in income tax.
(2) what is the declaration form number to be filled and submitted by the employees to employer for claiming House Rent exemption. Thanks.
S.K.Walecha
Dear sir/Madam,
Could you clear the doubt which i have about to claim house rent for tax deduction.
Actually we are not getting any kind of House Rent Allowance from our employer, so even there after can we claim for house rent for tax saving.
Awaiting for your kind reply.
Thanks,
satish
Hi,
My HRA is Rs. 8750, I am living in chennai. I am paying a rent of Rs. 7500 PM, I have the receipt from my landlord but my landlord dont have PAN Card. Can I get tax exemption? Will the rent receipt will be considered by the income tax department?
Please advice
Rajesh
I am staying in metro city in a rented house. I have bought a house in the outskirts of the same city, where my parents are staying. Am I eleigible for HRA exemption?
sir,
I am staying in delhi in company accomodation & not getting any HRA from my employer
How much exemption can I get or how taxable Income will be calculated in this case?
Please advice
Sudhir
I am paying rent to my father (inherited property in the name of father) and claiming HRA exemptions. Six month back, property has been transferred to my mothers name and my wife name. But my mother died after transfer of property . Can I pay rent to my father and avail exemtions
i m paying house rent rs. 3000/- p.m. receipt of which has been given to my employers but without landlord’s PAN no. Now the employers are saying that HRA rebate will not be given to me as PAN no. of the Landlord has not been quoted in the rent receipt.
Kindly advise, is it mandatory to have PAN no. of Landlord even if the Landlord is senior citizen on rent receipts as my landlord is not having pan card.
in case if it is not mandatory to have landlords PAN no. on rent receipt kindly give the provisions of the rule so that i can claim rebate.
what documents are needed for HRA rebate? i don’t hv any address proof in my name, what should i do?
Please clarify. I have a house in Coimbatore and paid Rent and have taken Loan. The Place of work is in Bangalore.
Can I claim the Benefit of HRA - 10(13A) and also the Benefit of Income from House Property for the Interest and Principal amount under 80C. I claim both its correct and not, please relpy
Regards
what are the options available to me to get tax exemptions in HRA if i own my own house in the place of duty.
Sir, Can I get the benefit of HRA drawn by me, if I am living in a house owned by my father. He is also living along.(OR) Can I pay the rent to my father and get the benefit of HRA.
can i pay rent to my wife and get the benifit of tax exemtion on hra
For rent slip, You will get a rent slip book in any printing shop. Or else You can just write it in a white paper and submit it to the account department of your organization.
Dear Mr. Vivek Jarial & All,
First of all, Thanks for your clear information and clean clarifications.
Please help me out. Here are my details:
1. Basic salary: 10500.00 INR
2. HRA offered by employer: 4200.00 INR
3. Actual rent I’m paying: 4000.00 INR
4. Current location: Bangalore.
Based on your information, I calculated like this:
1. Actual hra recieved = 4200.00 * 12 months = 50200.00
2. Actual rent paid (4000.00 * 12 months = 48000.00) - 10% of basic salary (10500.00
* 10% = 1050.00 per month, So for 12 months = 1050.00 * 12 months = 12600.00),
means: 48000.00 - 12600.00 = 35400.00
3. 50% of basic salary (because I’m in Bangalore) = 10500.00 * 50 % * 12 months =
63000.00
So, Based on your information, From the above three points:
One: 50200.00
Two: 35400.00
Three: 63000.00
The minimum amount is Rs.35400.00
So, I can go for claiming only for Rs.35400.00, Correct?
Please clarify, Whether I’m right or wrong?
Thanking you.
Regards,
Govardhan.
2.
i m central govt. servent i m living in an unapproved colony like palam colony new delhi & submitted rent reciept to my employer for hra examption puruse but aduit party challanged rent recipt on the basis of sr. no. ……… of recipt , they says rent recipt should have sr. no. for the period of 07-08 ,08-09 & said for recovery as my land lard is old & uneducated lady ,
i have ration card in support of my resindece proof ,now pls tell me can i repersent for ahntication of my rent receipt
pls reply………………..
I am paying house rent rs. 3000/- p.m. receipt of which has been given to my employers but without landlord’s PAN no. Now the employers are saying that HRA rebate will not be given to me as PAN no. of the Landlord has not been quoted in the rent receipt.
Kindly advise, is it mandatory to have PAN no. of Landlord on rent receipts as my landlord is not having pan card.
in case if it is not mandatory to have landlords PAN no. on rent receipt kindly give the provisions of the rule so that i can claim rebate.
One thing i am asked Kindaly tell me which Article to provided this information for House rent rebate.