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HRA Calculation and Income Tax Exemption Rules | House Rent Allowance
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- Опубликовано: 14 авг 2024
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HRA (or House Rent allowance) is a normal part of the salary. But did you know that HRA is exempt from income tax, under certain conditions? Did you also know that you do not actually need to stay in a rented place to save your tax money? Learn what is HRA? How to calculate HRA? HRA exemption rules and income tax. What is the maximum HRA claim possible?
Leave Travel Allowance: • LTA: Leave Travel Allo...
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Read about this in English: labourlawadvis...
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Chapters:
00:00 Intro
01:55 What is House Rent Allowance (HRA)?
02:59 How much HRA can be claimed?
05:50 Conditions for HRA exemption
06:54 How much HRA deduction is possible?
08:06 Examples of HRA deduction
11:09 Paying rent?
12:36 Self-employed exemption
14:31 Joint family HRA benefits
15:40 FAQs
16:47 Form 16B
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Can I claim HRA, if I am staying in rented house along with family and paying the rent but rental agreement is between landlord and my father ??
Pppp
00000000pp00pppp0pppp
@LabourLawAdvisor Please @nitinthakare9518 please answer the question and i also want to know the answer
Intro music and presentation is quite impressive, i really impressed 😍
Hi Labour Law Advisor,
I am a salaried employee and also a "Sanskari Balak" living with my parents, I want to get tax benefits through HRA component of my salary. I have Following questions.
1. Can I pay rent to either of my parents or only the one who is actual owner of the property.
2. Can I pay rent more than the general rent of the locality (Given my HRA limit allows it).
3. I haven't been transferring the rent amount to my parent's account since a couple of months can I transfer the arear at once (Will that be admissible).
Thanks in advance.
ruclips.net/video/rvF2IlC1KFo/видео.html
+1
+1
Hi bhai, kya aapko aapke question ka answer mil gaya kya?
Mera bhi same question hai.
@@pawansoni6759
1. You can pay rent to either parent
2. Yes you can pay any rent( as long as your parents are showing it their ITR)
3. Yes you can transfer the arear at once
Very nice and detailed information sir...After watching this vedio there is no need to see another vedio but HRA calculator given is not working
🙌🙌🙌 Beautifully explained..... Thankyou so much ❤️👍
Dear labour law advisor,
I would like to appreciate for your work which makes us enhance, the new updates. I would like to request you to make videos in English so that we can't miss the information which you are provided in oral along with the video.
Thanks & Regards
A.suryaprakash.
nice explained. I have question , my employer added 49000 covenance+LTA in salary structure monthly. My salary is 25.6 lpa . Offcourse I can't able to spend this much, so as per tax slab is this higher LTA beneficial ??
Explanation is quite useful but pls stop red cursor, one cannot constrate while hearing video
I've changed home in between year. (1) From April to August, Ive paid 9K * 5 Month= 45000.
(2) From September to March, I've paid 13000 * 7 Month = 91000
So Total I am paying 1,36,000. So MY QUESTION IS... DO I NEED TO GIVE PAN CARD OF BOTH LANDLORD EVEN IF BOTH ARE GETTING RENTAL AMOUNT LESS THAN 1,00,000.??????
I am living in NTPC township alloted quarter (2BHK) in Madhya Pradesh. But my parents are living in Delhi, they are dependent on me. I am paying room rent for them. Can I claim HRA tax exemptions?
ruclips.net/video/rvF2IlC1KFo/видео.html check
No
No
No
80gg
Respected sir, in my form 16 b , HRA under section 10(13A) is .00 but I paid rent in year but my employer did not included in HRA section but company give me HRA is rupees 25200 per annum. What should do sir. Please suggest.
Regards
Appreciating ur work. Keep posting informative videos
Thank you sir for the info but I need to know one thing. For Salaried doctors DA is calculated on Basic + NPA. HRA is calculated on basic only. So how do we calculate HRA exemption? If HRA doesn't include NPA but DA includes NPA, so is it justified to do the calculation including NPA?
@Labour Law Advisor: Can an Employee claims rent up to max limit of HRA given by employer when that person lives with his parents and working remotely. by remotely means that the base location of employment and the residential address of employee is in different cities?
For Example: Ravi works in a MNC and base location of employment is Bangalore but Ravi lives with his parents in Mumbai because he is working from home.
Lets assume that Ravi receives HRA of 3,00,000 RS.
So the question is can Ravi give the entire 3,00,000 RS to his parents as Rent?
Same question
did you get the answer?
Sir,
Since HRA is an exemption the term 'Deduction' may please be replaced with the term 'Exemption'. All your videos are very much educative and I highly appreciate these. Please do keep up the good work. Thanks.
Here's my question.
I am doing WFH and living with my parents.
The house owner is my father can I make a rental agreement between us and claim HRA?
In the above case my father would have to pay more tax as the amount I'll pay to him will add to his income.
Can I create a rental agreement btw me and my mom(she is not the owner ) and pay her the rent and claim HRA?
+1
Thanks for sharing wonderful info.
Would it be possible to share info for section 10 all sections that can be beneficial to exempt taxes as much as possible for salaried person.
If I haven't submitted any proof to my employer regarding HRA or Home Loan, then can I claim such exemption during ITR filing?
Yes ruclips.net/video/rvF2IlC1KFo/видео.html watch this i have covered.
Yes you can and get refund during ITR file
@@roshanrastogi803 Will it be in sch 13(A) . In the Video he has mentioned that if it is not there in form 16b , we cannot claim it ?
I understand i can claim HRA by paying rent to parents as the house is owned by my mother. But I also have another house owned by my mother and me as a co-owner in the same city. Can i claim HRA in this case?
In the year 2020-21, I employed for first 7 months and remaining 5 months I was jobless. While filling ITR for AY 201-22, can I claim HRA exemption under Sec 10(13a) for first 7 months and Can I show rent upto 5000 pm under sec 80GG for remaining 5 months. please confirm
Hello Sir, I am staying in my native city with my parents due to work from home situation and employment or work location is different from my native. Can I claim HRA as salaried employee.
Hello sir,
If I do rent agreement with a parent (say mother) then home property should be in her name , is this a mandatory requirement ?
+1
What is the commission percentage in the Hra calculation?
Hello a question, I have been working in one company for 9 months of financial year which had the hra allowance and now in new company for 3 months i dont have hra allowance there what should i do
Dear sir,
I paid the rent of 12,000 INR p.m. for six months one land lord and another six months for another landlord. Do I need to submit both the landlords PAN NO to company
Please give reply ASAP
When you said rent has to exceed 10% of salary in order to get exemptions, did you mean the total salary or the basic+DA?
ruclips.net/video/rvF2IlC1KFo/видео.html check thid
Sir, my landlord is not ready to share PAN card, and as per new policy even if you give declaration against Landlord's PAN, we must provide Landlord's Aadhar. That is also not possible. In that scenario can I give rent to my parents and make a rent agreement against it?
if one is staying with parents, how to decide an optimal rent amount to exempt tax? I have doubt in that. for eg Basic:198200/ye, HRA- 99,000/yr. In this case, what shall be done
Thanks for the video. Truly Informative
Hello Sir, Thank you for explaining the concept in detail.
Just one doubt, I have a housing on an apartment in City A and I have rented that out. Currently, I live with my parents in same city, same society where my purchased apartment is.
Can I claim HRA in such situation?
Thanks LLA❤
Oh god too late. Thanks for your videos regarding such topics.
Sir, total wages me HRA, BASIX, CONVEYANCE, MEDICAL ALLOWANE AND LTA sab include hoga?
excellent video
Hello sir....thank you for providing these information....i have a question ..since ,now a days we send money through phone pay, Google pay via adding bank accounts and directly via UPI, ...so ...if i am sending rent via adding bank account details in phone pay, will it come under NEFT ?
Sir but the code on wages doc which is shared by you ,they have not mentioned that 50% will be the all allowance while make salary break up . They have only mentioned that HRA will not be the part of basic wages . I have official gazzate too. Plz do clear.
What if company provide Free accommodation ( Taxable perquisite) then HRA exemption ???
very nice info....your voice is also nice.
Hi Everyone,
My office location is Hyderabad which is metro, currently in hometown from past two years, which is non metro. should I take metro rule or non metro rule for calculation? please let me know if you have any doubt regarding my question.
Dear Sir,
I have a query regarding exemption of HOUSE RENT ALLOWANCE from Income Tax.
01. My basic and D.A. is Rs.
Sir, kindly clarify calculation on section 80GG,
My total income is Rs. 971116 excluding long and short capital gain. I have not received any amount of HRA and I have paid house rent Rs.96000 per year. How much can I claim. So kindly clarify please
Medical reimbursement is taxable or not, is it compulsory to add in gross income or not please explain sir
Hi, as per some past judgement taxpayers can pay rent to their spouse and claim HRA..
What if employer giving reimbursement of rent inlieu of quarters partly based on designation like in RBI,NABARD, OTHER Public Sector Banks, PSUs.
Some times Net payable rent to landlord is 8k and employer sanctioned rent for 6K. Can I claim this differential rent we have to pay is 2*2,000=24,000.00 per year and .
CASE2 if we and parents living far away due to job Nature and we are paying rent for parents/family rented house.
Example my parents rent is 4,000.00 per month in my village totally 48,000.00 per year.
Case1+Case2=24000+48000=72,000.00 rent paid by us.
Can we claim this rent For ITR
Can we download form 16 b online without asking to the employer ?
First of all, Thanks for sharing valuable information time and again
I wanted to understand, if HRA exemption can be claimed on self occupied property for which home loan is going on, if yes can you guys help me on the list of documents required
Is there any limit on company can not cross this Percentage of total ctc/ basic salary as HRA?( Max limit)
Superb👌👌👌👌🙏🙏🙏🙏
Very informative
I have a query. What if my parents are staying in a rented apartment? Still can I pay them rent to claim HRA. Will it be a sublease kind of arrangement?
I have a situation can anyone clarify.
Let's say I am living with my parents and the home is owned jointly. My father is an employee and falls in a heavy tax bracket but my mother is a housewife i.e zero income. Can I transfer the rent only to my mother and file tax of rental income only for my mother and not show it on my father's ITR.
Me and my wife , both getting HRA,
Both have our names on RENT Agreement.
I am in higher TAX slab .
Can I claim full Exemption for rent paid,?
Please explain
Sir non-existent property par rent agreement bna kar parents ko landlord bna kar HRA claim kar sakte hai? Parents PAN will be provided.
Is it mandatory to give address close to office even if someone is working from home and paying rent to parents?
Sir my company provides me either hra or quarter lease.
1. If I have availed quater lease then my company will pay rent.
Can I claim exemption of this rent.
2. If my actual rent is above than what my company is paying as ceiling for qurter rent then can I claim exemption for rent paid above the ceiling from my pocket.
Thank you..😇
Sorry Sir for the misconception
I thought that courses would be mailed from you ,
Thanks for replying
Inko mail daalo
sagar.g@zerodha.com
@@LabourLawAdvisor ok thank you sir
sir agar khud ka ghar hai to hra milega yaa phir hra milega but exemption claim nhi kr sakte?
How DA is calculated?
The home loan is in my name (mother is also a co-borrower) but the property registry is done on mother's name only. The EMIs are deducted from my salary account, can I claim tax rebate?
how can i decide the rent amount to be paid if staying with parents to claim Max HRA ( to keep hra amount same in all 3 HRA condition)
ruclips.net/video/rvF2IlC1KFo/видео.html check
Dear Labour Law Advisor,
I have taken a home loan with my mother. The property owner is my mother and I pay the loan. She is a homemaker. In section 24 I claimed X amount and Can I take the deduction in HRA for the same property.
-> For X property loan is taken and for same property Can I claim HRA and Home loan interest on same property.
ruclips.net/video/rvF2IlC1KFo/видео.html check
Agar rent paid is less than 3000rs then rent receipts ki jarurat ni hai na kya directly HRA exemption le sakte hai ITR1 me?
HRA amount is not mentioned in my Form 16 under section 10(13 A). Can i still claim deduction in ITR ?
Yes. ruclips.net/video/rvF2IlC1KFo/видео.html watch this to know how
The number of LTAs (Leave Travel Allowance) one can claim in a block of 4 years is:- A. 2.
Hi sir, I pay rent to my mother who don't have any income, what is the max amount upto which she will not have to file an ITR ?
Hello.. this is really knowledgeable.
I have a question.
I am working in pune and i have a rented house there and i have made declarations on the same but Due to covid i came to my hometown and vacant/terminate the rent house contract.
Can i claim HRA as i am living in my parents house which is in a different location(not in pune)
ruclips.net/video/rvF2IlC1KFo/видео.html this video is right on ur point. Watch thjs
Hi,
I worked in two companies in a FY. One company Form 16 HRA available for 10 months but second company Form 16 HRA is not mentioned as I didn't upload the bill in second company portal for 2 months rent bill.
ruclips.net/video/rvF2IlC1KFo/видео.html check
Can we give parent pan card with rent receipt and without rent agreement?
Is there any way to take this matter this tax department, as in other cities having HRA rate (8%), employee paying equal rent (which he received) have to bear tax out of his pocket..
Hi, My HR needs agreement, PAN, Salary Slip with stamp, and property paper then he will add exemption. He already added some specific amount in Form 16 but I want to claim more on this because I have owner PAN card with computer generated slips. So Can I claim more exemption based on owner PAN card?
bhai is it necessary to show monthly transaction for claiming hra when living with parents, kya one time transaction nai chalega??
I am staying with my family and my father is retired so please let me know how can me and my family save a lot of taxes could you please elaborate.
My landlord is Not giving his pan card as he is salaried employee under 30% tax bracket .
What I need to do now.
is it mandatory for the employer to give hra to us?
Not necessarily. If no hra, u can go for 80gg if u pay rent ruclips.net/video/rvF2IlC1KFo/видео.html watch this
क्या दो अलग मकान मालिक (6-6माह) हो और किराया दोनों का 60000 -60000 तो क्या दोनों का पैन जरूरी है?
Sir, mai previous company me 17 yrs. service kiya lekin pf ka paisa nikal liya tha, lekin pf office jablpur me pata kiya to vahan bataya ki aapko 50 saal ke bad pension milegi lekin agar aap kisi aur company me kaam karte hai to fir 58 year ke baad pension milegi, iske baad 3.5 year dusri company me kaam kiya lekin vahan ka bhi pf ka paisa withdraw kar liya tha ab teesri company me 8 saal se kaam kar raha hu to kya previous company ka service period meri last company ke saath add ho paega , yadi han to kaise ho payga kripya batayen.
Mera to landlord rent agreement me sign करने से इंकार कर रहा है, Paying 7000 per month. Kya registered rent agreement without landlord HRA claim कर सकते हैं? Itr filing के समय? Plz help me
Can i pay whole rent at end of the financial year?
Sir agar koi self occupied property me rehta hai to kya wo dusri property Ka apne parents ke naam par rent dikha kar hra exception le sakta hai
In my Form 16 part B, HRA exemption in TAX given only for 10 Months, So what to do while filing ITR?
ruclips.net/video/rvF2IlC1KFo/видео.html check
I am living with parents but our house is not in office location so if I paid rent to parents so then Can I claim HRA exemption ?
Hi sir need your suggestion
Me gurgaon mai kaam karta hu and meri family mumbai mai rehti hai aur dono jagah ka rent me pay karta hu and mumbai ka rent jada hai as compare to gurgaon... to kya me us ghar ka rent hra mai claim kar sakta hu jaha family rehti hai
Sir,
I want to take up the A-Z course.will there be dhamaka discount for dasara?
Sir, If I do not have bank statement proof to claim hra exemption, I did payment in cash will it work, but I have rent agreement and rent receipt
SIR, mera HRA 47k per month hai to mujhe pure HRA exemption lene ke liye,50k+ rent per month wale ghar me rehna hoga ?
I have rented basic furniture from Furlenco in my rented accommodation. I guess that too isn't considered part of my Housing Rent and only amount mentioned in rent agreement is the one I can claim.
Hi I am Kallol Banerjee. I am from Kolkata West Bengal India . I have left my previous company on 15th March 2019. According to the contract I signed the salary of my last month was supposed to be given to me after 90 working days of leaving my company . As I left mid month my one and half month salary is still due. Now I have been trying to contact them inorder to get my salary but the my previous company is not entertaining me . Where should I go and complain . Can you please help me. Asap.
I am living with employer quater so not getting HRA. So and I have taken rented house. So can I claim 80GG.
Is there any limit to pay rent to my parents Or how much rent can I pay to my parents?
Mera Mankan Malik Kiraya Rs.10,000 Cash me leta hai batao HRA kese claim karu. Kuch bhi nahi de raha hai wo na Pan card, Na Rent Agreement (Rs.100 ka rent agreement banwaya hai), na hi rent receipt Kuch bhi nahi deta hai total black money.
Kya kare any suggestion help me in this case.
kya kia fir bhai?
Can u please tell I'm staying in out of metro due to work from home. How can I claim HRA
Please make a video series on HUF(Hindu Undivided Family).
1. How to get separate PAN card of HUF
2. How to open savings account of HUF
3. Tax benefits of having HUF
4. How can a job-going person use HUF to save tax
5. Can we open demat account with HUF's pan card? Can we make investments from that demat account.
*PLEASE MAKE VIDEOS ON THESE TOPIC*
Hello sir, i got salaried employment in feb 2022 ( hra for feb and march ), previously i was earning as college stipend, . how can i claim hra? Thanks
Sir pensioner service mere papa ki pension milti thi mujhe lekin adhar kyc na hone ki vjah se bnd ho gyi aadhar kyc kaise kru umang me sirf passbook dikha deta kyc ka option nhi ata to plz sir btayiye kaise kru
Can I claim HRA for rent paid to my mother when the house is on my father's name?
Sir, My organization gave me a flat and not giving ny HRA. And in form 16 : Value of perquisites under section 17(2) (as per Form No. 12BA,
wherever applicable) is 87090.00. Now what I am supposed to do while filing ITR 1. plz help
ruclips.net/video/rvF2IlC1KFo/видео.html watch this. If still in doubt do contact me
हमारे विभाग के कुछ employee गलत तरीके से डॉक्टर से certificate बनवा कर 1,00,000 रुपए का मेडिकल benefit फॉर्म 16 के माध्यम से के लिए हैं। क्या यह उचित है? अगर उनकी यह फ्राउड़ का पता चलता है तो उन पर क्या कार्रवाई हो सकती है?
@Labor Law Advisor if I am staying with my father, father not working but can share PAN card - how much monthly house rent I can declare.
Market value. ruclips.net/video/rvF2IlC1KFo/видео.html check this
Can we claim HRA if I pay rent in cash to my owner?
Bhai mujhe 19-20 ka HRA 20-21 ko mila, jiske karan maine previous year me HRA deduction claim nhi kar paya, aur ab iss saal form 10E me kya bharu.