HRA Exemption Calculation for Salaried Employees | House Rent Allowance to Save Income Tax

[@pavan5140]

Please do a video on tax harvesting for mutual funds, for years > 20 I know you did a video on these individually, but to calculate these together is a little tricky

[@ashokchoudhary8563]

Self ke name se plot liya hua hai to fir HRA claim kar sakte hai kya

[@indrajitakuli8060]

Thanks for this valuable information sir

[@fincalc]

Welcome

[@GaneshKumar-bu8gg]

​@@fincalcany possible to post the videos in English language

[@ParidhiJain-f4r]

Hi, I am a self employed freelance software professional who is showing rent in business expenses [INCOME BY PROFESSION]. I showed 48k Rs. rent expenses in my last F.Y. income tax return. My total expense will exceed more than 1 lac Rs. In the current F.Y. I know landlord’s PAN is required for paying more than 1 lac Rs. rent in order to claim HRA from employer if you are a salaried individual. Does the same limit apply to self employed freelance professional? if I don’t show my rent as business expenses in current F.Y. and pay more than 1 lac rs rent, will this limit and PAN card requirement still apply ? My rent expenses could cross Rs 3 Lac in the next F.Y. so I don’t want any limit. I also don’t want to ask for PAN card bcoz most of the landlords don’t provide it even if they have it. Please reply. Thanks

[@jitanshusrivastava1710]

Hello Sir if i am paying loan as a co-applicant only for a new home owned by my mother, will i be eligible to claim HRA?

[@Dave_en]

You will be eligible for any one of them, not both. You can forego HRA exemption to get more tax benefit from home loan interest upto 2 lakhs per annum.

[@sartajsingh7301]

Respected sir Ghar mere naam pr hai .meri wife hra claim kar sakti hai agar hum rented slips show karde to nearby her location?

[@FinanceMonkeys]

She can claim HRA if she’s paying rent to you and she has HRA component in her salary payslip. Also make a rent agreement between you both

[@DINESHSHARMA-ct8ln]

agar sarkari quarter me reh rhe hain to kese claim kre HRA

[@Lat4688]

Govt should not be so strict on taxing the HRA of employees either or private. The employees should be allowed to stay in headquarters without any tax trouble and concentrate on their work.

[@anshurawat6305]

I was getting HRA till July 23 and was living in rented house. I retired in 31 July 23 and still living in rented house but now not getting any HRA only getting pension. What will be my HRA exemption? please suggest

[@fincalc]

You can use section 80GG and claim up to 60000 as HRA exemption in FY

[@anshurawat6305]

@@fincalc HRA upto Jul 23 deducted Rs 104731. Can I deduct both this amount and balance Rs 8x 5000 - Rs 40000/-

[@anshurawat6305]

Sorry HRA received Rs 104731 for four months inFY 2023-24

[@Dave_en]

​@@anshurawat6305Check the basic and DA for 4 months and calculate on that. It would be better to contact your CA. They charge very nominal fee but save you from future hassles. Either you may commit mistakes in filing or end up paying more tax than you are actually eligible.

[@sair-sapata4871]

Spka calculator chsl nhi raha

[@fincalc]

chal raha hai, please check