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Aruna

HRA Allowance U/s 10 (13A)...
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 ...
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Amlan Dutta
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...
Point-wise answer below,    <br />                                                                                                                                                         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? <br /><br />Answer - Correct. Section 80GG is for those who do not get HRA benefit and want to seek relief for rent paid<br /><br />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. <br />- 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? <br /><br /><br />Answer - Check attached picture ...Say Exempt HRA = 10 Rs , medical reimbursement = 10 rs <br />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 )<br /><br /><br />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? <br />- 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)). <br /><br />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 <br />In TDS schedule, also you are required to fill the same chargeable income and not the gross salary which prefills the ITR <br />(i have attached a picture to make clear)<br /><br /><br />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. <br />- 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?<br /><br />Answer - Your income treatment is correct <br />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,    <br />                                                                                                                                                         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? <br /><br />Answer - Correct. Section 80GG is for those who do not get HRA benefit and want to seek relief for rent paid<br /><br />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. <br />- 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? <br /><br /><br />Answer - Check attached picture ...Say Exempt HRA = 10 Rs , medical reimbursement = 10 rs <br />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 )<br /><br /><br />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? <br />- 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)). <br /><br />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 <br />In TDS schedule, also you are required to fill the same chargeable income and not the gross salary which prefills the ITR <br />(i have attached a picture to make clear)<br /><br /><br />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. <br />- 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?<br /><br />Answer - Your income treatment is correct <br />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 .. +2
  • July 20, 2018
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Srinivas Thotakuri

HRA Allowance U/s 10 (13A)...
Sir, how to show HRA.whether it is to be deducted from salary head in ITR1. What about IR and special pay
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Amlan Dutta
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...
  • July 17, 2018
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MANINDERSINGH

HRA Allowance U/s 10 (13A)...
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)...
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Amlan Dutta
(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...
  • July 7, 2018
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Mehaboob

HRA Allowance U/s 10 (13A)...
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 ...
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Amlan Dutta
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 ...
  • June 26, 2018
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Mehul J Mody

HRA Allowance U/s 10 (13A)...
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.
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VIVEK SHANKAR

HRA Allowance U/s 10 (13A)...
HRA component not mentioned in FORM 16..which section should I use for tax benefit ..80GG OR 10(13A)?
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PRABIR PAUL
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...
  • August 2, 2016
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VIVEK SHANKAR
thnx sir
  • August 3, 2016
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