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

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FinCalC TV

Күн бұрын

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@indrajitakuli8060 10 ай бұрын

Thanks for this valuable information sir

@fincalc 10 ай бұрын

Welcome

@GaneshKumar-bu8gg 10 ай бұрын

@@fincalcany possible to post the videos in English language

@ashokchoudhary8563 9 ай бұрын

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

@pavan5140 10 ай бұрын

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

@sartajsingh7301 9 ай бұрын

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 6 ай бұрын

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 7 ай бұрын

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

@Lat4666 8 ай бұрын

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 10 ай бұрын

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 10 ай бұрын

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

@anshurawat6305 10 ай бұрын

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

@anshurawat6305 10 ай бұрын

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

@Dave_en 9 ай бұрын

@@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.

@ParidhiJain-f4r 9 ай бұрын

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 10 ай бұрын

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 9 ай бұрын

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.