{"id":5391,"date":"2023-11-20T10:38:27","date_gmt":"2023-11-20T05:08:27","guid":{"rendered":"https:\/\/simplemyfiling.com\/?p=5391"},"modified":"2023-11-21T12:59:40","modified_gmt":"2023-11-21T07:29:40","slug":"all-about-hra-exemption-eligibility-limit-etc","status":"publish","type":"post","link":"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/","title":{"rendered":"ALL ABOUT HRA EXEMPTION, ELIGIBILITY, LIMIT ETC"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5391\" class=\"elementor elementor-5391\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a080083 e-flex e-con-boxed e-con e-parent\" data-id=\"a080083\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e301a2e eael-dual-header-content-align-center elementor-widget elementor-widget-eael-dual-color-header\" data-id=\"e301a2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-dual-color-header.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"eael-dual-header\">\n\t\t\t\t<h2 class=\"title eael-dch-title\"><span class=\"ez-toc-section\" id=\"ALL_ABOUT_HRA_EXEMPTION_ELIGIBILITY_LIMIT_ETC\"><\/span><span class=\"eael-dch-title-text eael-dch-title-lead lead solid-color\">ALL ABOUT HRA <\/span> <span class=\"eael-dch-title-text\">EXEMPTION, ELIGIBILITY, LIMIT ETC<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#ALL_ABOUT_HRA_EXEMPTION_ELIGIBILITY_LIMIT_ETC\" >ALL ABOUT HRA  EXEMPTION, ELIGIBILITY, LIMIT ETC<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#What_is_HRA-_House_Rent_Allowance\" >What is HRA- House Rent Allowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Calculation_of_HRA\" >Calculation of HRA:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#FAQs_on_House_Rent_Allowance\" >FAQs on House Rent Allowance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q2_What_if_your_employer_is_not_providing_HRA_to_you\" >Q.2&nbsp; What if your employer is not providing HRA to you?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q3_How_HRA_exemption_can_be_claimed\" >Q.3&nbsp; How HRA exemption can be claimed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q4_Is_the_HRA_deduction_part_of_the_80C_deduction_and_included_under_the_amount_of_150000\" >Q.4&nbsp; Is the HRA deduction part of the 80C deduction and included under the amount of 1,50,000?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q5_Is_there_any_limit_on_claiming_HRA\" >Q.5&nbsp; Is there any limit on claiming HRA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q6_What_is_the_difference_between_HRA_and_80GG\" >Q.6&nbsp; What is the difference between HRA and 80GG?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q7_Can_an_Individual_claim_both_80GG_and_HRA\" >Q.7&nbsp; Can an Individual claim both 80GG and HRA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/11\/20\/all-about-hra-exemption-eligibility-limit-etc\/#Q8_How_much_can_be_claimed_Us_80GG\" >Q.8&nbsp; How much can be claimed U\/s 80GG?<\/a><\/li><\/ul><\/nav><\/div>\n\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-375a9e09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"375a9e09\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-515d5dcd\" data-id=\"515d5dcd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6580e071 elementor-widget elementor-widget-text-editor\" data-id=\"6580e071\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<div class=\"wp-block-columns is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-column\">\n<figure class=\"wp-block-jetpack-rating-star\" style=\"text-align: left;\">\n<h1><span class=\"ez-toc-section\" id=\"What_is_HRA-_House_Rent_Allowance\"><\/span><ol><li><span style=\"background-color: var(--paletteColor8); color: var(--heading-color, var(--heading-1-color, var(--headings-color))); font-family: var(--fontFamily); font-size: var(--fontSize); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform);\">What is HRA- House Rent Allowance<\/span><\/li><\/ol><span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">HRA is paid to Salary individuals by the employer.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">HRA exemption can be claimed only by Salaried Individuals residing in rented places hence any salaried individual not residing in a rented place cannot claim this exemption.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">An important point to note that the HRA exemption is available only if you are opting for an <strong>OLD TAX REGIME <\/strong>that is HRA exemption is not available in the <strong>NEW TAX REGIME<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Calculation_of_HRA\"><\/span>Calculation of HRA:<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">The amount of Exempt HRA will be the least of the following amounts: Amount of House Rent Allowance received from Employer<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Rent paid less than 10% of the salary<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">50% of the salary for Individuals live in a metro city 40% of the salary for Individuals live in non-metro city<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Salary= Basic Salary + DA(Dearness Allowance) Let\u2019s understand it with an example:<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Example 1: Mr. Singh working in Mumbai and residing in a rented place. His Gross salary is 8,00,000 per<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">annum and he is paying rent of 25,000 per month.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><table style=\"font-size: inherit; background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><tbody><tr><td width=\"358\"><p>The salary structure of Mr. Singh is as follows:<\/p><p><\/p><p>Particulars<\/p><\/td><td width=\"113\"><p><\/p><p>Amount<\/p><\/td><\/tr><tr><td width=\"358\"><p>Basic Salary<\/p><\/td><td width=\"113\"><p>4,00,000<\/p><\/td><\/tr><tr><td width=\"358\"><p>HRA (25% of Basic salary)<\/p><\/td><td width=\"113\"><p>1,50,000<\/p><\/td><\/tr><tr><td width=\"358\"><p>Other allowances<\/p><\/td><td width=\"113\"><p>3,50,000<\/p><\/td><\/tr><tr><td width=\"358\"><p>Gross Salary<\/p><\/td><td width=\"113\"><p>8,00,000<\/p><\/td><\/tr><\/tbody><\/table><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Now calculate HRA<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><ol style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>Amount of House Rent Allowance received from Employer<\/li><\/ol><ol start=\"2\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>Rent paid less than 10% of the salary<\/li><\/ol><ol start=\"3\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>50% of the salary for Individuals live in a metro city<\/li><\/ol><ol style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>1,50,000<\/li><\/ol><ol start=\"2\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>25000*12= 3,00,000-10% of 4,00,000= 2,60,000<\/li><\/ol><ol start=\"3\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>2,00,000<\/li><\/ol><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Lower is 1,50,000<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">HRA exemption is Rs. 1,50,000 i.e., Lower than above 3.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"FAQs_on_House_Rent_Allowance\"><\/span>FAQs on House Rent Allowance<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><ul style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li><strong>How you can check if you are getting an HRA exemption or not?<\/strong><\/li><\/ul><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>You can check the same in your salary slip or you can ask your employer for the same.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q2_What_if_your_employer_is_not_providing_HRA_to_you\"><\/span>Q.2&nbsp; What if your employer is not providing HRA to you?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>If you are not getting HRA then you can claim a deduction u\/s 80GG of the Income Tax Act, 1961. Conditions to claim deductions u\/s 80GG:<\/p><ol style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>Paying rent<\/li><\/ol><ol start=\"2\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>Not getting HRA from employer<\/li><\/ol><ol start=\"3\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>Don\u2019t have any self-owned house property at any other place<\/li><\/ol><ol start=\"4\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>You, your spouse, or minor children do not own residential house property at the place of employment In that case, you can get a deduction under section 80GG subject to the least of the following :<\/li><\/ol><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">5,000 per month or 60,000 annually 25% of the total Income<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">Rent paid less than 10% of total Income<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q3_How_HRA_exemption_can_be_claimed\"><\/span>Q.3&nbsp; How HRA exemption can be claimed?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>HRA exemption can be claimed by submitting rent agreements or rent receipts from your landlord to your employer.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">It is required to be submitted at the time of Investment declaration.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q4_Is_the_HRA_deduction_part_of_the_80C_deduction_and_included_under_the_amount_of_150000\"><\/span>Q.4&nbsp; Is the HRA deduction part of the 80C deduction and included under the amount of 1,50,000?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>HRA is not a deduction U\/s 80C. It is an allowance to be deducted as an exemption from salary. Hence this is above 1,50,000.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q5_Is_there_any_limit_on_claiming_HRA\"><\/span>Q.5&nbsp; Is there any limit on claiming HRA?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>A Salaried employee can claim HRA up to the amount of actual HRA component received from employer.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q6_What_is_the_difference_between_HRA_and_80GG\"><\/span>Q.6&nbsp; What is the difference between HRA and 80GG?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>Chapter VI-A of the Income Tax Act, 1961 provides tax relaxation to those who do not avail of house rent allowance. This deduction is available only to individuals residing in a rented property.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q7_Can_an_Individual_claim_both_80GG_and_HRA\"><\/span>Q.7&nbsp; Can an Individual claim both 80GG and HRA?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>No, only one can be claimed at a time. Any individual not receiving HRA can claim 80GG.<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><h1 style=\"background-color: var(--paletteColor8); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><span class=\"ez-toc-section\" id=\"Q8_How_much_can_be_claimed_Us_80GG\"><\/span>Q.8&nbsp; How much can be claimed U\/s 80GG?<span class=\"ez-toc-section-end\"><\/span><\/h1><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>&nbsp;<\/strong><\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><strong>Ans: <\/strong>The least of the below can be claimed as a deduction u\/s 80GG:<\/p><p style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><\/p><ol style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>25% of annual salary<\/li><\/ol><ol start=\"2\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>60,000 annually (Rs. 5,000 monthly)<\/li><\/ol><ol start=\"3\" style=\"background-color: var(--paletteColor8); color: var(--color); font-family: var(--fontFamily); font-style: var(--fontStyle, inherit); font-weight: var(--fontWeight); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\"><li>The amount that is equal to the total rent paid minus 10% of the total income<\/li><\/ol><ol>\n<\/ol>\n<\/figure>\n<\/div>\n<\/div>\n<p><div class=\"wp-block-post-date\"><time datetime=\"2023-11-20T10:38:27+05:30\">20 November 2023<\/time><\/div><div class=\"wp-block-post-author\"><div class=\"wp-block-post-author__avatar\"><img alt='' src='https:\/\/secure.gravatar.com\/avatar\/5022b13facf0fd085ac80e8f9b743453a0f6fcedd6c9a2c43139a08621b8de13?s=48&#038;d=mm&#038;r=g' srcset='https:\/\/secure.gravatar.com\/avatar\/5022b13facf0fd085ac80e8f9b743453a0f6fcedd6c9a2c43139a08621b8de13?s=96&#038;d=mm&#038;r=g 2x' class='avatar avatar-48 photo' height='48' width='48' \/><\/div><div class=\"wp-block-post-author__content\"><p class=\"wp-block-post-author__name\">Himanshu sekhar<\/p><\/div><\/div><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>ALL ABOUT HRA EXEMPTION, ELIGIBILITY, LIMIT ETC What is HRA- House Rent Allowance HRA is paid to Salary individuals by the employer. HRA exemption can be claimed only by Salaried Individuals residing in rented places hence any salaried individual not residing in a rented place cannot claim this exemption. An important point to note that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5331,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"_joinchat":[],"footnotes":""},"categories":[416,415],"tags":[431,420],"class_list":["post-5391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax","category-tax","tag-hra-exemption","tag-income-tax"],"blocksy_meta":[],"jetpack_featured_media_url":"https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled.jpg","jetpack_sharing_enabled":true,"rttpg_featured_image_url":{"full":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled.jpg",2560,1707,false],"landscape":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled.jpg",2560,1707,false],"portraits":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled.jpg",2560,1707,false],"thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-150x150.jpg",150,150,true],"medium":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-300x200.jpg",300,200,true],"large":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-2048x1365.jpg",2048,1365,true],"woocommerce_archive_thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled.jpg",300,200,false],"woocommerce_thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled-300x200.jpg",300,200,true],"woocommerce_single":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/simplemyfiling.com\/wp-content\/uploads\/2023\/11\/pexels-karolina-grabowska-4386367-scaled-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Himanshu sekhar","author_link":"https:\/\/simplemyfiling.com\/index.php\/author\/simplemyfilinggmail-com\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/simplemyfiling.com\/index.php\/category\/tax\/income-tax\/\" rel=\"category tag\">Income Tax<\/a> <a href=\"https:\/\/simplemyfiling.com\/index.php\/category\/tax\/\" rel=\"category tag\">Tax<\/a>","rttpg_excerpt":"ALL ABOUT HRA EXEMPTION, ELIGIBILITY, LIMIT ETC What is HRA- House Rent Allowance HRA is paid to Salary individuals by the employer. HRA exemption can be claimed only by Salaried Individuals residing in rented places hence any salaried individual not residing in a rented place cannot claim this exemption. An important point to note that&hellip;","_links":{"self":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/5391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/comments?post=5391"}],"version-history":[{"count":5,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/5391\/revisions"}],"predecessor-version":[{"id":5397,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/posts\/5391\/revisions\/5397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/media\/5331"}],"wp:attachment":[{"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/media?parent=5391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/categories?post=5391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplemyfiling.com\/index.php\/wp-json\/wp\/v2\/tags?post=5391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}