All Questions -> HRA Allowance U/s 10 (13A) -> All Types
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80DDB - Medical Treatment of specified disease
80 DDB - Senior citizen - Self or dependent
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80E - Interest on loan taken for higher education
80EE - Interest on loan taken for residential House property
80EE Eligibility
80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
80GG - Rent Paid
80GG Eligibility
80GGA - Certain donations for scintific research or rural development
80GGC - - Donation to political party.
80QQB - Royalty income of authors of certain books
80RRB - Royalty on patents
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80TTB - Income on deposits for senior citizens
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Exempt LTCG u/s 10(38)
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How to compute income from house property
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Child Education Allowance U/s 10(14)(ii)
Daily allowance U/s 10(14)
Helper/Assistance Allowance U/s 10(14)
Hostel Expenditure Allowance U/s 10(14)
HRA Allowance U/s 10 (13A)
Research Allowance U/s 10(14)
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Transfer Allowance U/s 10(14)
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How to fill Salary breakup in ITR 1
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Taxability of lottery winnings (U/s 115BB)
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JAVA utility not getting saved
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Unclaimed TDS bought forward and current year TDS separate rows
80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
80 CCC- Payment in respect of Pension Fund etc
Deduction benefit of NPS
80CCD(2) - Employer contribution towards NPS
Employee contribution towards NPS
80CCD(1) - Employee contribution towards NPS
Taxation of Sukanya Samridhi scheme
80CCD(1B) - Employee contribution NPS.
80CCG - Investment made under an equity savings scheme
80D - Health Insurance premium
80DD - Expenditure towards medical treatment of dependant
80DD - Dependent person with disability
80DD - Dependent person with severe disability
80DDB - Medical Treatment of specified disease
80 DDB - Senior citizen - Self or dependent
80 DDB - Super Senior citizen - Self or dependent
80DDB - Self or dependent
80E - Interest on loan taken for higher education
80EE - Interest on loan taken for residential House property
80EE Eligibility
80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
80GG - Rent Paid
80GG Eligibility
80GGA - Certain donations for scintific research or rural development
80GGC - - Donation to political party.
80QQB - Royalty income of authors of certain books
80RRB - Royalty on patents
80TTA - Income from interest on saving banks Accounts
80TTB - Income on deposits for senior citizens
80U - In case of a person with Disability
80U - Self with disability
80U - Self with severe disability
Defective Returns
How to respond to Defective Notice
e Grievance ( e Nivaran)
Delay in processing of returns
Disallowance of Tax credit in 26 AS.
e Proceedings
Exempt Income
Exempt Earned leave at Retirement
Exempt gift income u/s 56(2)(iv)
Exempt Gratuity Income u/s 10
Exempt HRA U/s 10(13A)
Exempt LIC moneyback u/s 10(10 D)
Exempt LTCG u/s 10(38)
Exempt PF interest
Exempt Recognised PF interest u/s 10 (12)
Exempt Statutory PF interest u/s 10 (11)
Exempt Transport allowance u/s10(14)
Exempt ULIP maturity U/s 10(10 D)
FILING AY 2018 19
Filing Issues
HOW TO FILE RETURNS
Belated return
Time period for belated return
Due return U/s 139(1)
Nil Return
Refund Return
Refund for Bank deducted TDS
Refund for LIC Commission
Refund for TDS on professionals
INCOME HEAD - BUSINESS PROFESSION
Disallowances for Business Profession
Permissible expenses for Business
Presumptive taxation
44 AD ( Business income)
Preparing Balance sheet
44ADA ( Profession)
How to fill financial particulars of Business/Profession
Profession
Filing return for LIC agent
INCOME HEAD - OTHER SOURCES
Taxability for winnings on lottery
INCOME SCHEDULE - CAPITAL GAINS
Capital Gains exemption
LTCG Exemption u/s 54
LTCG Exemption u/s 54 EC
Mutual Funds
Debt Mutual Funds
Equity Mutual Funds
Sale of House property
Stocks (delivery)
LTCG on stocks
STCG on Stocks
INCOME SCHEDULE - HOUSE PROPERTY
Deduction benefit for House property
Deduction benefit for let out property
Home Loan interest under 24(b)
Standard deduction of 30% of NAV
Deduction benefit for self occupied house property
Home loan interest under 24(b)
Difference in deduction benefit of 24(b) and 80 EE
Home loan interest benefit under 80 EE
How to compute income from house property
Deemed let out property
Income from commercial shop
Income from let out property
Income from Self occupied property
Partially occupied , partially let out property
Property let out partially for the year
Tax benefit for prepossession loan repayment
How to claim loan benefit during construction(Section 80 EE)
INCOME SCHEDULE - SALARY
Deduction U/s 16
Entertainment Allowance
Standard deduction of 40000 u/s 16(ii)
Tax on Employment
Taxability of Gratuity
Computation of Gratuity
Gratuity during service
Gratuity on resignation
Gratuity on retirement
Late Filing after belated period also over
Notices
Communication of proposed adjustment u/s 143(1)(a)(vi)
Difference in salary income in return and 26 as
Inconsistency between other source income in filed return and 26 as
Agree to demand for communication for proposed adjustment
Revision after agreeing to proposed adjustment
Disagree to demand for communication of proposed income
Compliance notice for Non Filing of Returns
Income above threshold level
Income below threshold level
Demand under section 143(1)a
Intimation Notice under 143(1)a
Reassessment Notice under section 148
NRI Taxation
Double Tax Avoidance Agreement
DTAA ( Tax credit method)
DTAA India Australia
DTAA (Credit by Deduction)
DTAA INDIA USA
Tax implication for NRI while buying property
PENALTY
Penalty under section 234 F
Penalty under section 271 F
Rebate and Relief
Arrear Relief under section 89
Form 10 E not submitted online
How to correct form 10 E
How to fill form 10 E
Rebate under section 87 A
RETURN FILING
Employer category
How to convert return to xml for uploading
ITR 1
Exempt HRA when not shown in Form 16
How to fill nature of income in ITR1 (exempt)
How to show Gift from relative in return(U/s 56(2)
TAXABILITY OF SALARY ALLOWANCES
Border Area allowance U/s 10(14)(ii)
Child Education Allowance U/s 10(14)(ii)
Daily allowance U/s 10(14)
Helper/Assistance Allowance U/s 10(14)
Hostel Expenditure Allowance U/s 10(14)
HRA Allowance U/s 10 (13A)
Research Allowance U/s 10(14)
Taxability of Earned Leave Encashment
Transfer Allowance U/s 10(14)
Transport allowance u/s 10(14)(ii)
Uniform allowance U/s 10(14)(i)
Washing allowance U/s 10(14)(i)
How to fill Salary breakup in ITR 1
How to fill salary income in TDS schedule
How to show employer NPS in return
How to show HRA in ITR 1
Salary (ITR 1)
How to show Bonus in return
How to show salary arrears in return
How to show salary income from Multiple companies
Multiple form 16
ITR 2
How to take Interest TDS credit in ITR 2
ITR 3
ITR 4
ITR 5 (Firms)
ITR 6 (Companies)
Salary mismatch in form 16 and 26 as
TDS mismatch in Form 16 and 26 AS
Return signing capacity
REVISION AND RECTIFICATION
Rectification
Rectification - Tax credit mismatch
Rectification - Taxpayer wanting to correct data
Rectification u/s 154
Return processed but revision needed
Revised Return U/s 139(5)
Time period for filing revised returns
TAX COMPUTATION
TAX CREDIT
Schedule IT (Taking credit of taxes paid)
ADVANCE TAX
Cases when advance tax exempt
Computation of advance tax
How to fill in challan details for advance tax
How to pay advance tax
Penalties for non payment of advance tax
Self assessment tax
How to fill in challan details for self assessment tax
Status of Booking in 26as
TCS
TDS
Property TDS( U/s 194 IA)
Salary TDS (u/s 192)
TDS Credit
26 AS TDS not prefilling ITR
Deducted TDS not appearing in form 26 as
HOW TO MAKE TAX PAYMENT
How to pay advance tax
How to pay demand tax
How to pay self assessment tax
TDS on income other than salary
Consultancy TDS U/s 194 J (10%)
Contract TDS u/s 194 C (1%)
Interest TDS (U/s 194 A) (10%)
TDS ON NRI PURCHASE
TDS Return filing
Tax site related issues
How to download returns after filing
How to download tax returns
TAXATION OF AOP
TAXATION OF RESIDENTIAL WELFARE ASSOCIATION
TAXATION OF DIFFERENT INSTRUMENTS
Taxability of Family pension( U/s 57)
Taxability of Futures and Options
Taxability of Interest Income
Taxation of Fixed deposit
Taxability of Life insurance plans
Taxability of Endowment Plans
LIC Jeevan Anand Endowment plan
Taxability of ULIP
SBI Wealth Builder ULIP Plan
Taxability on surrendering of Life insurance
Surrendering of ULIP plans
Taxability of lottery winnings (U/s 115BB)
Taxability of pension
Taxability of PF
Taxability of PF - Withdrawal before 5 years
Taxability of PF - withdrawing after 5years
Taxation of Bitcoin /Cryptocurrencies
Taxation of Mutual Funds
Taxation of SIP
Taxation of NSC
Taxation of Post office interest
Taxation of stipend income
Taxation of Articleship stipend
Taxation of Research Fellowship
TRANSFER PRICING
UTILITY FILING ISSUES
JAVA utility not getting saved
Salary in income schedule less than 90% of salary income in TDS schedule
Unclaimed TDS bought forward and current year TDS separate rows
Request
SITE TESTING
TESTIMONIALS
Hi Amlan,
Thanks for the super helpful videos! Wanted some clarifications.
a. Based on what's you've mentioned already, if I've given my rent receipts to my employer, and I have HRA allowance in Form 16, then I cannot and should not fill 80GG. Correct?
Hi Amlan,
Thanks for the super helpful videos! Wanted some clarifications.
a. Based on what's you've mentioned already, if I've given my rent receipts to my employer, and I have HRA allowance in Form 16, then I cannot and should not fill 80GG. Correct?
b. While declaring exempt income (under Taxes Paid & Verified section), if I've filled Section 10(14)i with the exempt income as mentioned in Form 16.
- If I'm getting HRA+Travel allowance + Medical reimbursement, the exempt income would automatically contain the total of all of this, correct? So I should only put the total exempt as mentioned in Form 16, and not do a break up of HRA exempt, Medical reimbursement claimed etc. because it would be doubling it?
c. Under Tax Details, when having a single employer, 'Income chargeable under salaries' would be the same as what turns up in Section B1(iv) Income chargeable under the 'head' salaries (i+ii+iii+iv), correct?
- Even if my employer has missed out filing for March and I only have 11 months worth showing up in my 26AS (that means autofill value is wrong), I fill what is there in Form 16, under Gross total income (which is the same as B1(iv)).
d. B3 Income from other sources, I've filled out the interest I receive from my fixed deposits. And under 80TTA, I've filled out the total income from interest on savings.
- Under Tax Details TDS2 for the bank, for amount which is subject to tax deduction, I would then remove the prefill and put the calculated FD interest+non exempt savings interest, correct?
Point-wise answer below, a. Based on what's you've mentioned already, if I've given my rent receipts to my employer, and I have HRA allowance in Form 16, then I cannot and should not fill 80GG. Correct?
Answer - Correct. Section 80GG is for those who do not get HRA benefit and want to seek relief for rent paid
b. While declaring exempt income (under Taxes Paid & Verified section), if I've filled Section 10(14)i with the exempt income as mentioned in Form 16. - If I'm getting HRA+Travel allowance + Medical reimbursement, the exempt income would automatically contain the total of all of this, correct? So I should only put the total exempt as mentioned in Form 16, and not do a break up of HRA exempt, Medical reimbursement claimed etc. because it would be doubling it?
Answer - Check attached picture ...Say Exempt HRA = 10 Rs , medical reimbursement = 10 rs You will show exempt HRA using 10(13A) and medical reimbursement using any other and description as tax free medical reimbursement under section 17(2) ...you won't club and show 20 Rs . There is no question of doubling when we mention separately . Rather it gives more clarity ( maybe i am missing what you meant )
c. Under Tax Details, when having a single employer, 'Income chargeable under salaries' would be the same as what turns up in Section B1(iv) Income chargeable under the 'head' salaries (i+ii+iii+iv), correct? - Even if my employer has missed out filing for March and I only have 11 months worth showing up in my 26AS (that means auto-fill value is wrong), I fill what is there in Form 16, under Gross total income (which is the same as B1(iv)).
Answer - Yes, your concept is right regarding chargeable income, but the field ( Chargeable income from salary) is B1(vi) in the return and point 6 of form 16 In TDS schedule, also you are required to fill the same chargeable income and not the gross salary which prefills the ITR (i have attached a picture to make clear)
d. B3 Income from other sources, I've filled out the interest I receive from my fixed deposits. and under 80TTA, I've filled out the total income from interest on savings. - Under Tax Details TDS2 for the bank, for amount which is subject to tax deduction, I would then remove the prefill and put the calculated FD interest+non exempt savings interest, correct?
Answer - Your income treatment is correct You will fill it for figures reflecting in 26 as ...whatever interest has been deducted on FD interest and savings interest shall be well reflected in 26 as ...you are required to fill it accordingly ..
Point-wise answer below, a. Based on what's you've mentioned already, if I've given my rent receipts to my employer, and I have HRA allowance in Form 16, then I cannot and should not fill 80GG. Correct?
Answer - Correct. Section 80GG is for those who do not get HRA benefit and want to seek relief for rent paid
b. While declaring exempt income (under Taxes Paid & Verified section), if I've filled Section 10(14)i with the exempt income as mentioned in Form 16. - If I'm getting HRA+Travel allowance + Medical reimbursement, the exempt income would automatically contain the total of all of this, correct? So I should only put the total exempt as mentioned in Form 16, and not do a break up of HRA exempt, Medical reimbursement claimed etc. because it would be doubling it?
Answer - Check attached picture ...Say Exempt HRA = 10 Rs , medical reimbursement = 10 rs You will show exempt HRA using 10(13A) and medical reimbursement using any other and description as tax free medical reimbursement under section 17(2) ...you won't club and show 20 Rs . There is no question of doubling when we mention separately . Rather it gives more clarity ( maybe i am missing what you meant )
c. Under Tax Details, when having a single employer, 'Income chargeable under salaries' would be the same as what turns up in Section B1(iv) Income chargeable under the 'head' salaries (i+ii+iii+iv), correct? - Even if my employer has missed out filing for March and I only have 11 months worth showing up in my 26AS (that means auto-fill value is wrong), I fill what is there in Form 16, under Gross total income (which is the same as B1(iv)).
Answer - Yes, your concept is right regarding chargeable income, but the field ( Chargeable income from salary) is B1(vi) in the return and point 6 of form 16 In TDS schedule, also you are required to fill the same chargeable income and not the gross salary which prefills the ITR (i have attached a picture to make clear)
d. B3 Income from other sources, I've filled out the interest I receive from my fixed deposits. and under 80TTA, I've filled out the total income from interest on savings. - Under Tax Details TDS2 for the bank, for amount which is subject to tax deduction, I would then remove the prefill and put the calculated FD interest+non exempt savings interest, correct?
Answer - Your income treatment is correct You will fill it for figures reflecting in 26 as ...whatever interest has been deducted on FD interest and savings interest shall be well reflected in 26 as ...you are required to fill it accordingly ..
If HRA is taxable , it is already included in your gross ...no need to show it separately ...if it is exempt and considered by your employer , then shall reflect under section 10 exempt allowances in Form 16 ...in this case , you will show it separately in exempt income reporting section under 1...
If HRA is taxable , it is already included in your gross ...no need to show it separately ...if it is exempt and considered by your employer , then shall reflect under section 10 exempt allowances in Form 16 ...in this case , you will show it separately in exempt income reporting section under 10(13) ...IR and special pay will automatically get computed when you do the taxable....i.e non exempt allowances calculation ...check answer options - video for relevant videos for salary breakup and showing exempt HRA
Hello Sir.
First of all thanks a lot for guiding the people.
Sir, My query is regrading HRA exemption
I received HRA 47994 , Annual salary (Basic + DA) =556772
HRA exemption under 10(13A) least of the following,
(i)Actual HRA received 47994
(ii)40% of salary(Basic and DA) 222708.8
(iii) ActuaL rent paid - 10% of salary(Basic+ DA) 40322.8
(I.e actual rent paid in excess of 10% of salary)
( Actual Rent paid : 96000)
MY Gross salary is 614366
is hra exemption is 40322.8 RS, IN PART-B B1(i) 239988 basic
in Part-b B1 (ii) 614366-239988-40322.8 =334055.2
This amount i hv to fill in Part B1(ii)
& (b) Do i have to mention HRA exempt allowance i.e Rs 40322.8 in EXEMPT INCOME COLUMN IN OTHERS
(i) Calculation for arriving at HRA exemption is correct and even the approach for showing it But the whole exempt allowances for salary is not always just HRA exempt portion The above calculation for showing non exempt allowances is correct only if all you have is HRA exemption under section 10 s...
(i) Calculation for arriving at HRA exemption is correct and even the approach for showing it But the whole exempt allowances for salary is not always just HRA exempt portion The above calculation for showing non exempt allowances is correct only if all you have is HRA exemption under section 10 salary exemptions...
if that is the case , then yes it is correct ...if you have other exemptions i.e washing, transport etc then those also has to deducted from gross to arrive at non exempt allowances and not just HRA exemption
(ii)You shall show HRA exemption not under others but using section 10(13A) clearly laid out for that purpose
(i) Calculation for arriving at HRA exemption is correct and even the approach for showing it But the whole exempt allowances for salary is not always just HRA exempt portion The above calculation for showing non exempt allowances is correct only if all you have is HRA exemption under section 10 s...
(i) Calculation for arriving at HRA exemption is correct and even the approach for showing it But the whole exempt allowances for salary is not always just HRA exempt portion The above calculation for showing non exempt allowances is correct only if all you have is HRA exemption under section 10 salary exemptions...
if that is the case , then yes it is correct ...if you have other exemptions i.e washing, transport etc then those also has to deducted from gross to arrive at non exempt allowances and not just HRA exemption
(ii)You shall show HRA exemption not under others but using section 10(13A) clearly laid out for that purpose
80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
80 CCC- Payment in respect of Pension Fund etc
Deduction benefit of NPS
80CCD(2) - Employer contribution towards NPS
Employee contribution towards NPS
80CCD(1) - Employee contribution towards NPS
Taxation of Sukanya Samridhi scheme
80CCD(1B) - Employee contribution NPS.
80CCG - Investment made under an equity savings scheme
80D - Health Insurance premium
80DD - Expenditure towards medical treatment of dependant
80DD - Dependent person with disability
80DD - Dependent person with severe disability
80DDB - Medical Treatment of specified disease
80 DDB - Senior citizen - Self or dependent
80 DDB - Super Senior citizen - Self or dependent
80DDB - Self or dependent
80E - Interest on loan taken for higher education
80EE - Interest on loan taken for residential House property
80EE Eligibility
80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
80GG - Rent Paid
80GG Eligibility
80GGA - Certain donations for scintific research or rural development
80GGC - - Donation to political party.
80QQB - Royalty income of authors of certain books
80RRB - Royalty on patents
80TTA - Income from interest on saving banks Accounts
80TTB - Income on deposits for senior citizens
80U - In case of a person with Disability
80U - Self with disability
80U - Self with severe disability
Defective Returns
How to respond to Defective Notice
e Grievance ( e Nivaran)
Delay in processing of returns
Disallowance of Tax credit in 26 AS.
e Proceedings
Exempt Income
Exempt Earned leave at Retirement
Exempt gift income u/s 56(2)(iv)
Exempt Gratuity Income u/s 10
Exempt HRA U/s 10(13A)
Exempt LIC moneyback u/s 10(10 D)
Exempt LTCG u/s 10(38)
Exempt PF interest
Exempt Recognised PF interest u/s 10 (12)
Exempt Statutory PF interest u/s 10 (11)
Exempt Transport allowance u/s10(14)
Exempt ULIP maturity U/s 10(10 D)
FILING AY 2018 19
Filing Issues
HOW TO FILE RETURNS
Belated return
Time period for belated return
Due return U/s 139(1)
Nil Return
Refund Return
Refund for Bank deducted TDS
Refund for LIC Commission
Refund for TDS on professionals
INCOME HEAD - BUSINESS PROFESSION
Disallowances for Business Profession
Permissible expenses for Business
Presumptive taxation
44 AD ( Business income)
Preparing Balance sheet
44ADA ( Profession)
How to fill financial particulars of Business/Profession
Profession
Filing return for LIC agent
INCOME HEAD - OTHER SOURCES
Taxability for winnings on lottery
INCOME SCHEDULE - CAPITAL GAINS
Capital Gains exemption
LTCG Exemption u/s 54
LTCG Exemption u/s 54 EC
Mutual Funds
Debt Mutual Funds
Equity Mutual Funds
Sale of House property
Stocks (delivery)
LTCG on stocks
STCG on Stocks
INCOME SCHEDULE - HOUSE PROPERTY
Deduction benefit for House property
Deduction benefit for let out property
Home Loan interest under 24(b)
Standard deduction of 30% of NAV
Deduction benefit for self occupied house property
Home loan interest under 24(b)
Difference in deduction benefit of 24(b) and 80 EE
Home loan interest benefit under 80 EE
How to compute income from house property
Deemed let out property
Income from commercial shop
Income from let out property
Income from Self occupied property
Partially occupied , partially let out property
Property let out partially for the year
Tax benefit for prepossession loan repayment
How to claim loan benefit during construction(Section 80 EE)
INCOME SCHEDULE - SALARY
Deduction U/s 16
Entertainment Allowance
Standard deduction of 40000 u/s 16(ii)
Tax on Employment
Taxability of Gratuity
Computation of Gratuity
Gratuity during service
Gratuity on resignation
Gratuity on retirement
Late Filing after belated period also over
Notices
Communication of proposed adjustment u/s 143(1)(a)(vi)
Difference in salary income in return and 26 as
Inconsistency between other source income in filed return and 26 as
Agree to demand for communication for proposed adjustment
Revision after agreeing to proposed adjustment
Disagree to demand for communication of proposed income
Compliance notice for Non Filing of Returns
Income above threshold level
Income below threshold level
Demand under section 143(1)a
Intimation Notice under 143(1)a
Reassessment Notice under section 148
NRI Taxation
Double Tax Avoidance Agreement
DTAA ( Tax credit method)
DTAA India Australia
DTAA (Credit by Deduction)
DTAA INDIA USA
Tax implication for NRI while buying property
PENALTY
Penalty under section 234 F
Penalty under section 271 F
Rebate and Relief
Arrear Relief under section 89
Form 10 E not submitted online
How to correct form 10 E
How to fill form 10 E
Rebate under section 87 A
RETURN FILING
Employer category
How to convert return to xml for uploading
ITR 1
Exempt HRA when not shown in Form 16
How to fill nature of income in ITR1 (exempt)
How to show Gift from relative in return(U/s 56(2)
TAXABILITY OF SALARY ALLOWANCES
Border Area allowance U/s 10(14)(ii)
Child Education Allowance U/s 10(14)(ii)
Daily allowance U/s 10(14)
Helper/Assistance Allowance U/s 10(14)
Hostel Expenditure Allowance U/s 10(14)
HRA Allowance U/s 10 (13A)
Research Allowance U/s 10(14)
Taxability of Earned Leave Encashment
Transfer Allowance U/s 10(14)
Transport allowance u/s 10(14)(ii)
Uniform allowance U/s 10(14)(i)
Washing allowance U/s 10(14)(i)
How to fill Salary breakup in ITR 1
How to fill salary income in TDS schedule
How to show employer NPS in return
How to show HRA in ITR 1
Salary (ITR 1)
How to show Bonus in return
How to show salary arrears in return
How to show salary income from Multiple companies
Multiple form 16
ITR 2
How to take Interest TDS credit in ITR 2
ITR 3
ITR 4
ITR 5 (Firms)
ITR 6 (Companies)
Salary mismatch in form 16 and 26 as
TDS mismatch in Form 16 and 26 AS
Return signing capacity
REVISION AND RECTIFICATION
Rectification
Rectification - Tax credit mismatch
Rectification - Taxpayer wanting to correct data
Rectification u/s 154
Return processed but revision needed
Revised Return U/s 139(5)
Time period for filing revised returns
TAX COMPUTATION
TAX CREDIT
Schedule IT (Taking credit of taxes paid)
ADVANCE TAX
Cases when advance tax exempt
Computation of advance tax
How to fill in challan details for advance tax
How to pay advance tax
Penalties for non payment of advance tax
Self assessment tax
How to fill in challan details for self assessment tax
Status of Booking in 26as
TCS
TDS
Property TDS( U/s 194 IA)
Salary TDS (u/s 192)
TDS Credit
26 AS TDS not prefilling ITR
Deducted TDS not appearing in form 26 as
HOW TO MAKE TAX PAYMENT
How to pay advance tax
How to pay demand tax
How to pay self assessment tax
TDS on income other than salary
Consultancy TDS U/s 194 J (10%)
Contract TDS u/s 194 C (1%)
Interest TDS (U/s 194 A) (10%)
TDS ON NRI PURCHASE
TDS Return filing
Tax site related issues
How to download returns after filing
How to download tax returns
TAXATION OF AOP
TAXATION OF RESIDENTIAL WELFARE ASSOCIATION
TAXATION OF DIFFERENT INSTRUMENTS
Taxability of Family pension( U/s 57)
Taxability of Futures and Options
Taxability of Interest Income
Taxation of Fixed deposit
Taxability of Life insurance plans
Taxability of Endowment Plans
LIC Jeevan Anand Endowment plan
Taxability of ULIP
SBI Wealth Builder ULIP Plan
Taxability on surrendering of Life insurance
Surrendering of ULIP plans
Taxability of lottery winnings (U/s 115BB)
Taxability of pension
Taxability of PF
Taxability of PF - Withdrawal before 5 years
Taxability of PF - withdrawing after 5years
Taxation of Bitcoin /Cryptocurrencies
Taxation of Mutual Funds
Taxation of SIP
Taxation of NSC
Taxation of Post office interest
Taxation of stipend income
Taxation of Articleship stipend
Taxation of Research Fellowship
TRANSFER PRICING
UTILITY FILING ISSUES
JAVA utility not getting saved
Salary in income schedule less than 90% of salary income in TDS schedule
Unclaimed TDS bought forward and current year TDS separate rows
Request
SITE TESTING
TESTIMONIALS
Hi Amlan, before I Proceed with my Question I'd like to personally thank you for doing a great job by providing the Knowledge for Free and you're doing a great service.
My Simple Question is
What value of HRA Exemption is taken into consideration. In other words is it "The SUM of HRA Exemption of ...
Hi Amlan, before I Proceed with my Question I'd like to personally thank you for doing a great job by providing the Knowledge for Free and you're doing a great service.
My Simple Question is
What value of HRA Exemption is taken into consideration. In other words is it "The SUM of HRA Exemption of each month" OR "Overall HRA Exemption value computed against overall BASIC+DA at the end of the year".
In screen shot attached, do I consider Amount Rs.137526 for HRA exemption OR Rs.149618 as compared to Total Annual HRA = 151164?
Understand the concept here , HRA exempted means that portion of HRA that is not subject to tax ...i.e the remaining portion of HRA received shall be offered for tax ... In your case clearly of 151164 Received as HRA(House ...
Understand the concept here , HRA exempted means that portion of HRA that is not subject to tax ...i.e the remaining portion of HRA received shall be offered for tax ... In your case clearly of 151164 Received as HRA(House rent allowance), 137526 is the portion which is exempt ( this is in your words sum of HRA exemption for every month as also the overall HRA exemption ( i dunno why you are getting confused )...using section 10(13A) , you can declare it as exempt under exempt income reporting section ....what you see as 149618 rs is just of the parameters for considering HRA exemption ...Basically , of HRA received , the exempt portion is least of the three 1.) Rent paid minus 10 % of salary 2.) 40/50% of salary (50% in Delhi , Kolkatta , Chennai and Mumbai and 40% in other cities) 3.) Actual HRA received .... Least of the three is used to decide what to consider as exempt HRA ......
The reason of confusion was can the computation be considered to the whole (annually) irrespective of 'Monthly Variable Parameters' or not on each Component.. I'm not sure if this makes sense to you, but I now completely understand that the calculation is always...
The reason of confusion was can the computation be considered to the whole (annually) irrespective of 'Monthly Variable Parameters' or not on each Component.. I'm not sure if this makes sense to you, but I now completely understand that the calculation is always "SUM of all month HRA exemptions{least exempt}" and not the GRAND TOTAL EXEMPTIONS (meaning adjusting the taxable components between MONTHS)..
Understand the concept here , HRA exempted means that portion of HRA that is not subject to tax ...i.e the remaining portion of HRA received shall be offered for tax ... In your case clearly of 151164 Received as HRA(House ...
Understand the concept here , HRA exempted means that portion of HRA that is not subject to tax ...i.e the remaining portion of HRA received shall be offered for tax ... In your case clearly of 151164 Received as HRA(House rent allowance), 137526 is the portion which is exempt ( this is in your words sum of HRA exemption for every month as also the overall HRA exemption ( i dunno why you are getting confused )...using section 10(13A) , you can declare it as exempt under exempt income reporting section ....what you see as 149618 rs is just of the parameters for considering HRA exemption ...Basically , of HRA received , the exempt portion is least of the three 1.) Rent paid minus 10 % of salary 2.) 40/50% of salary (50% in Delhi , Kolkatta , Chennai and Mumbai and 40% in other cities) 3.) Actual HRA received .... Least of the three is used to decide what to consider as exempt HRA ......
80 C Deduction- Life insurance premium, deferred annuity,.contributions to providend fund, etc
80 CCC- Payment in respect of Pension Fund etc
Deduction benefit of NPS
80CCD(2) - Employer contribution towards NPS
Employee contribution towards NPS
80CCD(1) - Employee contribution towards NPS
Taxation of Sukanya Samridhi scheme
80CCD(1B) - Employee contribution NPS.
80CCG - Investment made under an equity savings scheme
80D - Health Insurance premium
80DD - Expenditure towards medical treatment of dependant
80DD - Dependent person with disability
80DD - Dependent person with severe disability
80DDB - Medical Treatment of specified disease
80 DDB - Senior citizen - Self or dependent
80 DDB - Super Senior citizen - Self or dependent
80DDB - Self or dependent
80E - Interest on loan taken for higher education
80EE - Interest on loan taken for residential House property
80EE Eligibility
80G - (Eligible Amount)- Donations to certain funds, charitable institutions, etc
80GG - Rent Paid
80GG Eligibility
80GGA - Certain donations for scintific research or rural development
80GGC - - Donation to political party.
80QQB - Royalty income of authors of certain books
80RRB - Royalty on patents
80TTA - Income from interest on saving banks Accounts
80TTB - Income on deposits for senior citizens
80U - In case of a person with Disability
80U - Self with disability
80U - Self with severe disability
Defective Returns
How to respond to Defective Notice
e Grievance ( e Nivaran)
Delay in processing of returns
Disallowance of Tax credit in 26 AS.
e Proceedings
Exempt Income
Exempt Earned leave at Retirement
Exempt gift income u/s 56(2)(iv)
Exempt Gratuity Income u/s 10
Exempt HRA U/s 10(13A)
Exempt LIC moneyback u/s 10(10 D)
Exempt LTCG u/s 10(38)
Exempt PF interest
Exempt Recognised PF interest u/s 10 (12)
Exempt Statutory PF interest u/s 10 (11)
Exempt Transport allowance u/s10(14)
Exempt ULIP maturity U/s 10(10 D)
FILING AY 2018 19
Filing Issues
HOW TO FILE RETURNS
Belated return
Time period for belated return
Due return U/s 139(1)
Nil Return
Refund Return
Refund for Bank deducted TDS
Refund for LIC Commission
Refund for TDS on professionals
INCOME HEAD - BUSINESS PROFESSION
Disallowances for Business Profession
Permissible expenses for Business
Presumptive taxation
44 AD ( Business income)
Preparing Balance sheet
44ADA ( Profession)
How to fill financial particulars of Business/Profession
Profession
Filing return for LIC agent
INCOME HEAD - OTHER SOURCES
Taxability for winnings on lottery
INCOME SCHEDULE - CAPITAL GAINS
Capital Gains exemption
LTCG Exemption u/s 54
LTCG Exemption u/s 54 EC
Mutual Funds
Debt Mutual Funds
Equity Mutual Funds
Sale of House property
Stocks (delivery)
LTCG on stocks
STCG on Stocks
INCOME SCHEDULE - HOUSE PROPERTY
Deduction benefit for House property
Deduction benefit for let out property
Home Loan interest under 24(b)
Standard deduction of 30% of NAV
Deduction benefit for self occupied house property
Home loan interest under 24(b)
Difference in deduction benefit of 24(b) and 80 EE
Home loan interest benefit under 80 EE
How to compute income from house property
Deemed let out property
Income from commercial shop
Income from let out property
Income from Self occupied property
Partially occupied , partially let out property
Property let out partially for the year
Tax benefit for prepossession loan repayment
How to claim loan benefit during construction(Section 80 EE)
INCOME SCHEDULE - SALARY
Deduction U/s 16
Entertainment Allowance
Standard deduction of 40000 u/s 16(ii)
Tax on Employment
Taxability of Gratuity
Computation of Gratuity
Gratuity during service
Gratuity on resignation
Gratuity on retirement
Late Filing after belated period also over
Notices
Communication of proposed adjustment u/s 143(1)(a)(vi)
Difference in salary income in return and 26 as
Inconsistency between other source income in filed return and 26 as
Agree to demand for communication for proposed adjustment
Revision after agreeing to proposed adjustment
Disagree to demand for communication of proposed income
Compliance notice for Non Filing of Returns
Income above threshold level
Income below threshold level
Demand under section 143(1)a
Intimation Notice under 143(1)a
Reassessment Notice under section 148
NRI Taxation
Double Tax Avoidance Agreement
DTAA ( Tax credit method)
DTAA India Australia
DTAA (Credit by Deduction)
DTAA INDIA USA
Tax implication for NRI while buying property
PENALTY
Penalty under section 234 F
Penalty under section 271 F
Rebate and Relief
Arrear Relief under section 89
Form 10 E not submitted online
How to correct form 10 E
How to fill form 10 E
Rebate under section 87 A
RETURN FILING
Employer category
How to convert return to xml for uploading
ITR 1
Exempt HRA when not shown in Form 16
How to fill nature of income in ITR1 (exempt)
How to show Gift from relative in return(U/s 56(2)
TAXABILITY OF SALARY ALLOWANCES
Border Area allowance U/s 10(14)(ii)
Child Education Allowance U/s 10(14)(ii)
Daily allowance U/s 10(14)
Helper/Assistance Allowance U/s 10(14)
Hostel Expenditure Allowance U/s 10(14)
HRA Allowance U/s 10 (13A)
Research Allowance U/s 10(14)
Taxability of Earned Leave Encashment
Transfer Allowance U/s 10(14)
Transport allowance u/s 10(14)(ii)
Uniform allowance U/s 10(14)(i)
Washing allowance U/s 10(14)(i)
How to fill Salary breakup in ITR 1
How to fill salary income in TDS schedule
How to show employer NPS in return
How to show HRA in ITR 1
Salary (ITR 1)
How to show Bonus in return
How to show salary arrears in return
How to show salary income from Multiple companies
Multiple form 16
ITR 2
How to take Interest TDS credit in ITR 2
ITR 3
ITR 4
ITR 5 (Firms)
ITR 6 (Companies)
Salary mismatch in form 16 and 26 as
TDS mismatch in Form 16 and 26 AS
Return signing capacity
REVISION AND RECTIFICATION
Rectification
Rectification - Tax credit mismatch
Rectification - Taxpayer wanting to correct data
Rectification u/s 154
Return processed but revision needed
Revised Return U/s 139(5)
Time period for filing revised returns
TAX COMPUTATION
TAX CREDIT
Schedule IT (Taking credit of taxes paid)
ADVANCE TAX
Cases when advance tax exempt
Computation of advance tax
How to fill in challan details for advance tax
How to pay advance tax
Penalties for non payment of advance tax
Self assessment tax
How to fill in challan details for self assessment tax
Status of Booking in 26as
TCS
TDS
Property TDS( U/s 194 IA)
Salary TDS (u/s 192)
TDS Credit
26 AS TDS not prefilling ITR
Deducted TDS not appearing in form 26 as
HOW TO MAKE TAX PAYMENT
How to pay advance tax
How to pay demand tax
How to pay self assessment tax
TDS on income other than salary
Consultancy TDS U/s 194 J (10%)
Contract TDS u/s 194 C (1%)
Interest TDS (U/s 194 A) (10%)
TDS ON NRI PURCHASE
TDS Return filing
Tax site related issues
How to download returns after filing
How to download tax returns
TAXATION OF AOP
TAXATION OF RESIDENTIAL WELFARE ASSOCIATION
TAXATION OF DIFFERENT INSTRUMENTS
Taxability of Family pension( U/s 57)
Taxability of Futures and Options
Taxability of Interest Income
Taxation of Fixed deposit
Taxability of Life insurance plans
Taxability of Endowment Plans
LIC Jeevan Anand Endowment plan
Taxability of ULIP
SBI Wealth Builder ULIP Plan
Taxability on surrendering of Life insurance
Surrendering of ULIP plans
Taxability of lottery winnings (U/s 115BB)
Taxability of pension
Taxability of PF
Taxability of PF - Withdrawal before 5 years
Taxability of PF - withdrawing after 5years
Taxation of Bitcoin /Cryptocurrencies
Taxation of Mutual Funds
Taxation of SIP
Taxation of NSC
Taxation of Post office interest
Taxation of stipend income
Taxation of Articleship stipend
Taxation of Research Fellowship
TRANSFER PRICING
UTILITY FILING ISSUES
JAVA utility not getting saved
Salary in income schedule less than 90% of salary income in TDS schedule
Unclaimed TDS bought forward and current year TDS separate rows
Request
SITE TESTING
TESTIMONIALS
Hi Amlan Sir My Question is for HRA claim
I am staying with my father for saving tax under section 10 HRA benefit If i pay rent to my father is it allowed for HRA exception & if he gives me the receipt for the same & what else document will be required for it . & is there is rent limit for the same.
Actually HRA is shown in Part B of Form 16 but in there only exemption amount is shows. You can't get the amount that how much HRA you received from your employer. But if your employer didn't mention your HRA exemption amount then you can manually calculate the exemption amount and after exemption y...
Actually HRA is shown in Part B of Form 16 but in there only exemption amount is shows. You can't get the amount that how much HRA you received from your employer. But if your employer didn't mention your HRA exemption amount then you can manually calculate the exemption amount and after exemption you can put that amount "Income chargeable under the head salary".
For example Calculation process is mention below:- Calculation of exemption of HRA (Allowance exemption whichever is lower):- HRA received from employer 110,000.00 Actual rent paid(8000*12)= 96,000.00 Less:- 10% of Basic 27,500.00 68,500.00*********** 50% of Basic salary 137,500.00
a. Based on what's you've mentioned already, if I've given my rent receipts to my employer, and I have HRA allowance in...