claim of HRA both husband and wife

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..... claim of HRA both husband and wife
Query (Issue) Started By: - hanamantharao kulkarni Dated:- 15-12-2013 Last Reply Date:- 18-1-2014 Income Tax
Got 1 Reply
Income Tax
Dear Sir I request you to give me suggestions regarding house rent allowance. 1. Is it fully exempted for income tax 2. can both husband and wife claim exemption if they are in government service Reply By A Wilson: .....

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..... The Reply: Dear Sir, HRA Exemption is available only if you have House Rent Allowance and rental payments. House Rent Allowance & Rental Payments : HRA exemption is available subject to the following conditions: A. For Metro Cities - Delhi, Mumbai, Kolkata, Chennai Least of the Following will be exempted 1. 50 percent of Basic Salary 2. Actual HRA Received 3. Rent Paid minus 10 percent o .....

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..... f the Basic Salary B. For Other Cities - other than Delhi, Mumbai, Kolkata, Chennai Least of the Following will be exempted * 40 percent of Basic Salary * Actual HRA Received * Rent Paid minus 10 percent of the Basic Salary And You can claim the HRA Exemption to the extend of the rental payments subject to the conditions stated above. Double claim by you and your spouse will not be allowe .....

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..... d. But you both may claim HRA Exemption in proportionate with the rental payments (eg) If the total rental payment is Rs.10000/- p.month, then you may claim 50 percent and your spouse may claim another 50 percent subject to the limit specified above. Thanks & Regards, A.Wilson
Discussion Forum - Knowledge Sharing .....

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