Voting Question: My hra is 24000 so I can claim. only this amount or more?

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  • Voting Question: My hra is 24000 so I can claim. only this amount or more?


Answer #1 | 14/01 2014 10:15
You ca'nt claim more than your hra limit in your salary package.You can try getting a hike if its under this limit.
Answer #2 | 14/01 2014 18:24
You cannot claim more than the amount permitted For Income Tax purpose it is one of the partially permitted allowance, so be guided by Sec 17 (1) of IT Act.
Answer #3 | 14/01 2014 17:33
Yes you can claim for tax benefits this amount. Also for the tax saving under 80c you can show your investments like insurance premiums, PPF, EPF, Mediclaim policy, etc. Are you looking for the tax benefits.
Answer #4 | 14/01 2014 18:38
If the HRA in your salary is Rs.24,000 then you can claim only that amount even if you are paying more rent. The difference rent has to be born by you. So you can claim only Rs.24,000 as HRA.
Answer #5 | 14/01 2014 22:26
there are 3 rules on which your employer decide how much HRA is exempt under House rent allowance, Section 10 (13A), Minimum value of any 1 case is your exemption 1) HRA received =24000 2) Rent Paid - (10% of Basic salary) 3) 40% of Salary_Rent_paid [50% is allowed in case of your living city is Metro], example Total Salary = 90000 ,Basic Salary is 50000 ,HRA =24000, and Rent paid is 20000 then as per case i) HRA exempt 24000 Monthly as per case ii) 20000 - 5000 = 15000 Monthly as per case iii) 40% of 90000 = 36000 Monthly , so case ii) has minimum value your HRA exempt from Income tax is 15000 Monthly , similarly you can calculate your HRA exemption, Note : if annual rent paid exceeds `1,00,000/- per annum (Rs.8334/-PM), it is mandatory to report PAN of Landlord. In case Landlord does not have a PAN, a declaration to this effect may be obtained to submit
Answer #6 | 17/01 2014 03:22
what shivam 24 has given is the correct thing. You follow that
Answer #7 | 15/01 2014 04:14
The maximum amount that can be claimed is Rs. 24,000. The deduction will be subject to further conditions as your salary, the city where you live etc. If you give all details, then, a correct answer can be attempted.

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