Rent paid is deductible from Salary income or not ?

Forums Deductions Rent paid is deductible from Salary income or not ?

Rent paid is deductible from Salary income or not ?

In my Salary Breakup , there is no HRA Allowances. I stay at Rented House. I have Rent Receipt also. Is Rent paid for the House is fully deductible from Salary Income ? I lives in Dombivli.

Profile photo of Sanjay Asked By: Sanjay 3 replies 0 helpful answers Last Updated: 4 weeks, 1 day ago
  • Profile photo of SanjaySanjay
    Participant

    In my Salary Breakup , there is no HRA Allowances. I stay at Rented House. I have Rent Receipt also. Is Rent paid for the House is fully deductible from Salary Income ? I lives in Dombivli.

  • Profile photo of Roohi RasheedRoohi Rasheed
    Moderator

    If you do not have a HRA component in your salary break-up, you are not eligible to claim HRA. But u/s 80GG you will be able to claim upto 5000per month as a deduction, according to budget 2016-17.
    There is a step wise calculation u/s 80GG which is allowed to the extent of the least and few conditions to claim this deduction.

  • Profile photo of shreenairshreenair
    Participant

    For most employees, House Rent Allowance (HRA) is a common component of their salary structure. Although it is a part of your salary, HRA, unlike basic salary, https://hillclimbracing.vip/ is not fully taxable. … The amount of HRA exemption is deductible from the total https://psiphon.vip/ income before arriving at a taxable income https://subwaysurfers.vip/

  • Profile photo of Amit Kumar BansalAmit Kumar Bansal
    Participant

    If you are not getting HRA from your employer, you can avail the benefit u/s 80GG, it is mandatory to fill form 10BA. You can claim maximum up to 5000/- per month. https://financialcontrol.in/declaration-under-section-80gg/

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