4 Rules you must remember for HRA Exemption

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1. Tax proofs submission for the Financial Year 2009-10 wrote:

   [...] HRA and Tax Benefits [...]

   December 27th, 2009 at 12:02 am

1. Dennise Mathew said:

   How can I avail tax exemption for the house rent paid if I am not being given HRA by the employer

   May 27th, 2009 at 3:21 am
2. Krishna said:

   HI,

   You can not avail the HRA exemption if you don’t get in the salary component.

   Thanks,
   Krishna

   May 27th, 2009 at 5:40 am
3. V.Sakthivelan said:

   Dear Sir/ Madam,

   I need one clarification,

   If an employee owned a house through Loan and he is also paying interest for the housing Loan. The house and office both are located in the same place . Can he/she get the following benefits
   a) Housing loan principle amount
   b) House Loan interest amount
   c) HRA.
   
   OR please explain what are the benefits he/she can get.

   Thanks
   V. Sakthivelan

   June 17th, 2009 at 11:59 pm
4. krishnas said:

   HI Sakthi vel,

   Yes..you can claim the all three benefits. It means you are not staying in the own house and staying in the rented house. Note that, in that case you have to declare the rental income for your own house under the Other Income category while filing the tax returns.

   Hope this clears your doubts.

   Thanks,
   Krishna

   July 7th, 2009 at 7:57 pm
5. kunal salvi said:

   Sir

   my query is i have my own house on loan at borivali mumbai
   the house is vacat as i hv not given it on rent. i m paying loan instalment of it
   i m leaving on rental basis at kandivali mumbai, also i m getting HRA from company

   can i avail all the benefits of 10(13A), 24, 80C though i have not self occupied the home and also not rented it

   please reply

   July 19th, 2009 at 4:56 am
6. krishnas said:

   HI,

   In case if you are not rented out and not self occupied, you have to show the notional rental income for your house.

   Thanks,
   Krishna

   July 19th, 2009 at 8:07 pm
7. tapas ghosh said:

   Hi ,
   last year I have taken a home loan for my flat.But currently I have been shifted to other office building in the same city.Now it is too far away from my flat.So currently I am staying in the rented house nearer to my office in the same city.But I have not given my own flat on rent .so it is vacant now.Shall I eligible to take the below benefits
   1) Housing loan principle amount
   2) House Loan interest amount
   3) HRA

   regards,
   tapas Ghosh

   July 20th, 2009 at 7:17 am
8. krishnas said:

   HI Tapas,

   Yes..you are eligible for the following exemption:

   1) Housing loan principle amount
   2) House Loan interest amount
   3) HRA

   It means you are not staying in the own house and staying in the rented house. Note that, in that case you have to declare the rental income for your own house under the Other Income category while filing the tax returns.

   Thanks,
   Krishna

   July 20th, 2009 at 9:55 am
9. tapas ghosh said:

   Thanks Krishna for ur update .But I have following confusion.
   Actually I have no plan to give my own flat on rent in future and I want to stay on my current rented flat(not my own) .So how shall I declare my rental income as my own flat is vacant? Hence shall I eligible to take the above benefits? pls update me.

   Regards,

   tapas ghosh

   July 20th, 2009 at 11:05 pm
10. krishnas said:

    HI Tapas,

    Even though you are not staying in the house you will have to declare the notional rent for that house. You have to find out what is the notional rent for your flat. You can claim all the benefits mentioned above.

    Thanks,
    Krishna

    July 21st, 2009 at 12:13 am
11. Parag Parikh said:

    Is there any expenses is allowable for notional rent income?

    July 28th, 2009 at 2:44 am
12. krishnas said:

    HI Parag,

    Yes..30% of the income you can deduct as the expenses.

    Thanks,
    Krishna

    July 28th, 2009 at 4:23 am
13. Ravi Desai said:

    Hello,

    I have a house property, which is co-owned by me, my mom and dad. I had a home loan which i have prepayed it and closed it.
    Now, if i want to claim HRA in my salary, do i need to transfer my ownership or i can still claim HRA on the same house?

    Pls guide.

    Rgds,
    Ravi

    August 5th, 2009 at 4:26 am
14. Balaji said:

    Hi Krisnha,

    I entered into an agreement to buy a 17 yr old flat in chennai for Rs.20 lakhs. I have applied for the home loan for Rs 15 lakhs. The guide line value of the Flat comes around Rs 11 lakhs. I would like to know for which amount i need to register. Do the bank expect me to register for Rs 20 lakhs, since i am requesting for the loan.

    Please clarify me asap.

    August 5th, 2009 at 6:42 am
15. krishnas said:

    HI Ravi,

    You can claim HRA if the parents are owner. But, you have the house then it is not possible.

    Thanks,
    Krishna

    August 7th, 2009 at 10:56 pm
16. Ashok verma said:

    Sir,

    My address that is mentioned on pan card is different but i live in different location on rent.
    Can i claim the hra examption, plz advice.

    regards / Ashok verma

    August 8th, 2009 at 7:59 am
17. krishnas said:

    Hello Ashok,

    The address in the PAN can be different. There is no problem in using the HRA exemption.

    Thanks,
    Krishna

    August 8th, 2009 at 11:59 pm
18. avinash said:

    hi,

    my salary is basic 7250
    hra 2538,conv all 1160,
    other 2480
    and deduction 970 and net carry home 12498
    i m not paying any rent or home loan ,pls tell me that how much saving should be done for tax saving

    August 13th, 2009 at 9:50 pm
19. krishnas said:

    HI Avinash,

    Can you provide your complete salary components. Also specify your CTC. Based on the details I can give you the complete report on the tax savings.

    Thanks,
    Krishna

    August 15th, 2009 at 6:44 pm
20. Avinash said:

    hello,

    i want to know that i live with my parents & i want to claim HRA but i have added their names in my company’s medicliam policy as dependent. So can i claim HRA tax benefit. i am having 12000 HRA. please advice…..

    thanks.
    Avinash

    August 16th, 2009 at 9:17 am
21. P.R.Lakshmi said:

    Dear Sir,

    My pay component is Basic + Personal Pay. My HRA , TA and some other components are to be chosen by me. I can fix up these amounts otherwise it will be included in my personal pay. It will not be shown separately in my payslip.I did not know about this and so from Aug 08- March 09- my salary payslip contained only basic and personal pay. From April 2009 I understood this and from then my payslip carries basic, hra , ta and personal pay. Now my doubt is whether I can claim Hra for the year 2008-09 for the period of aug to march. Please comment.

    August 20th, 2009 at 5:56 am
22. farukh said:

    Well, it seems like another blog, but while though i have gone through it, i found it with huge interesting topics and all that. This seems like very informative and i’ love to recommend everyone as this blog giving a huge interest to everyone need. I do love this blog and hopefully i would be in touch with it as it becomes my favorite one. lol..Thanks!

    September 7th, 2009 at 6:50 am
23. krishnas said:

    Hello Farukh,

    Thank you for the feedback which encourage me to come up with very high quality posts in the future. If you like to receive the mails from this blog please subscribe here:
    http://www.thinkplaninvest.com/subscribe/

    Thanks,
    Krishna

    September 7th, 2009 at 7:00 am
24. deo said:

    From where i will get National rent for my flat. which is in Bhosari, Pune.

    September 10th, 2009 at 11:32 pm
25. krishnas said:

    Hello Neo,

    Basically notional rent is ourself can decide. If you are looking into the neighbor house how much they are paying for the rent, like that you can decide. There is no such rule for showing the notional rent.

    Thanks,
    Krishna

    September 11th, 2009 at 2:29 am
26. Vaishali said:

    Hi, We have a house in the same city where my husband is working, its in joint name of me and my husband. We have taken a loan for that house. We are planning to give that on rent and continue living in the rented house.
    1. Does he get all the benefits: Housing loan principle amount, House Loan interest amount and HRA?
    2. Can we take the rent cheque in my name and show the rental income in my name alone? I am not working. What will be the tax liability for me if we receive 20000 as rent from that house?

    September 15th, 2009 at 4:18 am
27. krishnas said:

    Hello Vaishali,

    1. Yes. he can claim HRA and tax exemption

    2. No. It is not possible. If you are not working then the entire income will go to your husband since he is paying the loan amount.

    Thanks,
    Krishna

    September 15th, 2009 at 7:09 pm
28. Neeraj Kumar said:

    Hi,
    Myself and my father jointly owns an apartment in Co-op society. Though he contributed from his earnings but I became the primary member as he was nearing retirement and getting housing loan would not be possible. I have started living in this house for last one year.
    My question is, can I claim HRA and pay the rent to my father? I am repaying him Rs.20000/month towards as he is retired and living on pension. Is there a way that I transfer the full membership to him?

    Regards,
    Neeraj

    September 21st, 2009 at 10:27 pm
29. Shankar said:

    Well, I stay in one house and sponsor my parents in another house – can I claim HRA for two houses for which I pay rent.

    October 10th, 2009 at 7:57 pm
30. krishnas said:

    Hello Shankar,

    You cannot claim HRA for both the houses. You can claim only for your house.

    Thanks,
    Krishna

    October 10th, 2009 at 9:11 pm
31. krishnas said:

    Hello Neeraj Kumar,

    If the house is fully owned by your father then you can claim the HRA exemption. But, since you also owner of the house, you are not eligible to claim the HRA.

    Thanks,
    Krishna

    October 10th, 2009 at 10:50 pm
32. Amit said:

    Hi,

    I have a home loan on one house and getting HRA from employeer.
    Last year, i went to US before going, I did Power of Attorney in name of my father. My father rent out the house some x company. Now x company is paying rent through cheque in the name of my father, after deducting TDS. Now TDS deducted in the name of father.

    Rent income will come under my father’s income.

    My question is
    1.can I get following benefits:
    a) Housing loan principle amount
    b) House Loan interest amount
    c) HRA

    Will this rent income be my father income or not?

    Thanks

    October 13th, 2009 at 11:41 am
33. krishnas said:

    Hello Amit,

    This Power of Attorney form gives your attorney the power to act on your behalf during your absence. It authorises your attorney to act as your property manager with the power to:

    1. collect rent and other charges owing from tenants,
    2. take legal action for any non-payment,
    3. pay taxes, charges and assessments in connection with the properties,
    4. let vacant rental units to new tenants,
    5. hire workmen, groundskeepers and contractors to maintain the properties,
    6. generally manage the rental properties for you.

    You can get the home loan exemptions. But not HRA if you are staying in the same house or not in India.

    The income is yours not your father’s. He is just acting as your power.

    Thanks,
    Krishna

    October 13th, 2009 at 6:07 pm
34. Rajeev said:

    Living in Delhi : My monthly basic is 26,735 & HRA 6684/-. I have taken a Housing Loan in 2003. The house is yet not alloted. I am paying EMI of the Housing Loan(6,500) + Maintanance of Rs. 500 per month. I’m also paying Housing Rent of Rs. 10,000/-. What are the total rebates I can claim & how. Under which Sections.

    October 23rd, 2009 at 3:33 am
35. krishnas said:

    Hello Rajeev,

    Thank you for writing to us.
    1) You can not claim the Home Loans benefits because it is not yet alloted. You can claim the tax benefits for Home Loans only after getting the possession. Read more details about the home loans here:
    http://www.thinkplaninvest.com/2008/12/home-loans-and-income-tax-benefits/
    http://www.thinkplaninvest.com/2009/04/home-loans-and-income-tax-benefits-part-2-2/

    2)You can claim the HRA exemption for the house rent paid. Not the whole amount can not be claimed. Please read this article to know how much you are eligible for the HRA exemption:
    http://www.thinkplaninvest.com/2009/04/hra-and-tax-benefits/

    If you have any more doubts please reply to this comment.

    Thanks,
    Krishna

    October 23rd, 2009 at 6:43 pm
36. Naveen said:

    Hi Krishna,
    Its nice to see that you really reply to people’s questions. I have one of my own..
    I have rented out two places, one in the city where i work and the other in my native city. I understand that I wont be able to avail HRA exemption for both the places but can I avail HRA for the house that I have rented in my hometown since I pay significantly higher rent in my native city? Or is it that I have to live over there to avail HRA? I visit the place at least twice a month over weekends.

    October 26th, 2009 at 2:02 am
37. krishnas said:

    Hello Naveen,

    Thank you for writing to us.
    You can claim the HRA only for the house which you are living and it must be in the same city. For example, if you are working in bangalore, You can claim the HRA only for the house in Bangalore city.

    I hope this clears your doubts.

    Thanks,
    Krishna

    October 26th, 2009 at 6:56 am
38. Amit said:

    Hi,

    I have a home loan on one house and getting HRA from employeer.
    Last year, i went to US before going, I did Power of Attorney in name of my father. My father rent out the house some x company. Now x company is paying rent through cheque in the name of my father, after deducting TDS. Now TDS deducted in the name of father.

    Rent income will come under my father’s income.

    My question is
    1.can I get following benefits:
    a) Housing loan principle amount
    b) House Loan interest amount
    c) HRA

    Will this rent income be my father income or not?

    As you have already replied to my queries, but there is more query.
    If that is my income not my father’s, but TDS was deducted in the name of my father’s PAN a/c. coz he rent out the flat.

    How i would resolve this query?

    Thanks

    October 31st, 2009 at 6:34 am
39. manish said:

    dear sir

    me and my wife both r working in two different PSU companies at two different places of posting DELHI and Ghaziabad.now here is my query:

    1. can we both get HRA and can submit same rent receipt for both to take advantage of HRA exemption?
    2. if i am taking house on company lease at delhi then can my wife avail HRA alongwith HRA exemption who is posted at Ghaziabad.
    3.How to get maximum benifit in legal way?

    November 3rd, 2009 at 8:40 am
40. krishnas said:

    Hello Manish,

    Let me clear my doubts. Both of you are staying in the same house or in the different house?

    Thanks,
    Krishna

    November 3rd, 2009 at 4:25 pm
41. manish said:

    SAME HOUSE AT GHAZIABAD.

    THANKS

    November 4th, 2009 at 8:47 am
42. krishnas said:

    1. If you are staying on the same house, van claim the 50% of the rent as the HRA.
    2. Yes. she can get the HRA exemption

    Thanks,
    Krishna

    November 4th, 2009 at 8:51 am
43. kgiish said:

    Hi,
    I rented an apartment which is 200 mts from my own apartment. Can I claim HRA exemption?

    November 4th, 2009 at 11:01 pm
44. krishnas said:

    Hello Kgiish,

    Yes. you can claim the HRA exemption. In that case you have to show the rental income for your own appartment.

    Thanks,
    Krishna
    Get email – updates : http://www.thinkplaninvest.com/subscribe/

    November 5th, 2009 at 5:17 pm
45. manish said:

    thanks for ur reply

    but one more Q reg 2nd point of reply,
    i.e. if i have taken the house on company lease then who will issue the rent receipt to my wife for exemption of HRA who is living in same house.

    regds
    manish

    November 5th, 2009 at 9:48 pm
46. Sarabjit said:

    Hello Krishna,
    I am planning to buy my first house in Delhi (Native Place), while i work in Visakhapatnam (A.P.). For around 50L and the loan amount will be 35L.
    can I get following benefits:
    a) Housing loan principle amount
    b) House Loan interest amount
    c) HRA

    While my parents reside in ancestor house owned by 3 owners (Everybody residing there). Can i officially show that my parents will reside (new house) there to prevent notional rental income. If yes, How to do this ?
    Or for this I have to make him a joint applicant. He will also help me financially for investing in the same property.

    Regd.
    Sarabjit

    November 6th, 2009 at 8:48 am
47. manish said:

    reply soon

    November 7th, 2009 at 12:36 am
48. manish said:

    but one more Q reg 2nd point of reply,
    i.e. if i have taken the house on company lease then who will issue the rent receipt to my wife for exemption of HRA who is living in same house.

    regds
    manish

    November 7th, 2009 at 8:46 am
49. krishnas said:

    House owner will issue the rent receipt.

    November 7th, 2009 at 8:18 pm
50. Sarabjit said:

    Hi Krishnas,

    I forgot to inform you that i am living in a rented house in Visakhapatnam, reclaiming HRA.

    My father officially or unofficially will be financially helping me in purchasing the property.
    And suppose i make him a Joint applicant how much

    a) Housing loan principle amount
    b) House Loan interest amount

    both of us can reclaim ? In our IT.

    Or it will be for only the Person who has taken loan.
    My Father is 60 Years old, But running a small business. He can also take a loan if required.

    If yes then both of us claim 100% exemption each or it will be some percentage wise ?

    Please reply soon as i have already planned to close the deal by this month.

    Regd.
    Sarabjit

    November 8th, 2009 at 5:12 am
51. manish said:

    sir,

    the house is already on cpmpany lease for me by a lease agreement between property owner and my company.

    now once the property owner has given his property on lease to me
    then how he can give rent receipts to my wife?

    November 8th, 2009 at 11:51 pm
52. Amt said:

    Hi,

    You have already replied to my query but again there is some confusion and that is …” If that is my income not my father’s, but TDS was deducted in the name of my father’s PAN a/c. coz my father gave his PAN a/c no to tenant.

    How i would resolve this query/issue?”

    Waiting for your reply…..

    Earlier query was:-

    I have a home loan on one house and getting HRA from employeer.
    Last year, i went to US before going, I did Power of Attorney in name of my father. My father rent out the house some x company. Now x company is paying rent through cheque in the name of my father, after deducting TDS. Now TDS deducted in the name of father.

    Rent income will come under my father’s income.

    My question is
    1.can I get following benefits:
    a) Housing loan principle amount
    b) House Loan interest amount
    c) HRA

    Will this rent income be my father income or not?

    Thanks

    November 16th, 2009 at 12:26 am
53. Bharat said:

    sir i am student.my father is penssioner.we r having a 2400 sq feet plot(market valu 140000/-)we need loan to develop that.but we r dont have any pay slip ?or any saving.what i can do?

    November 17th, 2009 at 2:09 am
54. manish said:

    reply awaited

    November 17th, 2009 at 6:52 am
55. ssr said:

    Can we avail 80D benefit for Premuim & service tax mediclaim paid thru cheque? Some are saying that only premuim paid is under section 80D is only considering i.e excluding ST paid. What is the facts?

    November 19th, 2009 at 2:28 am
56. ssr said:

    Can a person having two houses and avails HBL interest u/s 24b of IT Act only for one house and Principal repayment amount of both houses u/s 80C0?

    November 19th, 2009 at 2:29 am
57. krishnas said:

    Hello SSR,

    Thank you for the comments. Entire amount is eligible for the tax deduction. Inclusive of Service Tax.

    Thanks,
    Krishna

    November 19th, 2009 at 10:43 pm
58. krishnas said:

    Hello SSR,

    For the principal payment, it is maximum os Rs.100000 under section 80c. It may be two houses. But, with the maximum limit. Interest payment you can avail for all the houses. One house with Rs.150000, other rented houses there is no limit.

    If you read the articles in my site, you will understand properly.

    Thanks,
    Krishna

    November 19th, 2009 at 10:52 pm
59. Shashank dalela said:

    Hi,

    This is Shashank Dalela, working as Assistant Professor at SRM University,Modinagar.

    My query is that i am getting HRA from my college in my salary. i am living in rented accommodation in delhi.

    does my HRA exemption will be from 1 lakh limit which we can save after 1.60 lakh, as account section of my college is saying that i can avail exemption of tax under 1 lakh.

    Please resolve my query and if possile give me some doccumnet or link so that i can show it to account section in my college.

    November 20th, 2009 at 8:04 am
60. krishnas said:

    Hello Shasank,

    HRA is deducted under section 13A. It is not covered under section 80C which is Rs.100000 tax exemption. Tell them as follows:

    1. Rs.100000 exempted under the section 80C. It covers investments like LIC Premium, PF, PPF, NSC, Mutual Funds, Home Loans, etc.

    2. Under section 13A, there is deduction for the HRA. The amount is as specified in the limit. For details read this article.

    Many people aware of only the section 80C, so they think that maximum they can save is Rs.100000. That is not true. Still, there is some other sections where you can deduct more money like children’s education fees, family medical insurance, etc.

    Read this site, there is many useful articles for the tax savings. Get free email updates here : http://www.thinkplaninvest.com/subscribe/

    Thanks,
    Krishna

    November 20th, 2009 at 4:10 pm
61. Amit said:

    Hi,

    With resp. to example no 3, If my owned hme flat is not given for any rental. So I will not receive any rent and therefore there will be no taxable income. Is this understanding correct.

    Regards
    Amit

    November 21st, 2009 at 4:56 am
62. krishnas said:

    Helo Amit,

    If you have the vacant house, you will have to show the notional rent as the income.

    Thanks,
    Krishna

    November 21st, 2009 at 8:14 am
63. Amit said:

    Thanks Krishna,

    My house is not vacant. My parents are staying there. In that case, there is no question of notional rent, right.

    Regards
    Amit

    November 23rd, 2009 at 1:17 am
64. krishnas said:

    Hello Amit,

    You can show only one house as the self occupied. Rest of the houses you have to show as the rented out.

    Thanks,
    Krishna

    November 23rd, 2009 at 1:48 am
65. Amit said:

    Hi krishna,

    Do you mean to say that the rented house in which I am staying currently and the one which is my own house in which my parents are staying are considerd as 2 self occupied houses.

    Regards
    Amit

    November 23rd, 2009 at 3:38 am
66. krishnas said:

    Hello Amit,

    I think I have confused you. The house which you are staying you can claim the HRA exemption. Apart from that, you can show one house as the self occupied(own house) which your parents are staying. Yes. you need not show the rental income for that house if that is only one house you own.

    Thanks,
    Krishna

    November 23rd, 2009 at 3:44 am
67. krishna kant said:

    Hi,
    I work in mumbai. But my dependent parents live in mathura on rent. I pay for the rent. Can i use those rent slips of mathura for HRA exemption in my govt organisation where i am working in mumbai

    November 25th, 2009 at 9:13 am
68. krishnas said:

    Hello Krishna,

    Thank you for writing to me. You can claim the HRA exemption only for the house which you are living. That too it must be in the same city. You cannot claim the HRA for your parents stay. Hope this clears your doubts.

    Thanks,
    Krishna

    November 25th, 2009 at 8:07 pm
69. Saurav said:

    Hi,

    I took a housing loan in Jan 09. The house will be ready to move in January 2011.

    From which financial year can I avail Tax benefits of housing loan ? Also I am paying Pre possession interest of Rs 50k per month. How can I get Tax benefit of the interest paid before possession ?

    Would be great if you could explain by some calculations and specific dates.

    Regards,

    Saurav

    December 5th, 2009 at 6:13 am
70. krishnas said:

    Hello Sourav,

    You can claim the interest paid before possession only after taking the possession. That too in the five installments. You can get the tax benefits for FY 2010-11.

    If you need more clarity, please reply here.

    Thanks,
    Krishna

    December 7th, 2009 at 5:10 am
71. D K Singh said:

    Dear sir

    Me and my wife both r working in two different PSU companies at two different places of posting Delhi and Noida(UP).Now here is my query:

    1. if i am taking my house on company Self-lease at Noida then can my wife avail HRA alongwith HRA exemption who is posted at Noida.
    2.We r staying in same house at Noida(UP)?
    3. if We r staying company owned accomodation/Township at Noida provided by my wife’s company,then can I claim HRA?

    December 7th, 2009 at 12:03 pm
72. Karam said:

    Dear Sir,

    I have already a constructed house in my name, so i bought a another house in the name of my wife. Now i going to sell the first one which is in my name. I was staying in the second house and was claiming the house property deduction on the loan taken on first house. Now i want to transfer the second house in my name, so that i can claim the house property deduction by taking the loan on the second house. Pls suggests me is it possible to transfer the house in my name. Is there any tax implications? My wife is non working and not filing the ITR.

    December 7th, 2009 at 10:23 pm
73. krishna said:

    Sir,
    My parents are dependent and i pay for their rent only. The reciept is on my name.Is there any provision to get HRA exemption though i work in mumbai and live at rent there.
    I need help because my land lord is not providing me the rent slips and also he has not yet done agreement also.

    December 8th, 2009 at 7:07 am
74. Subhash said:

    Dear Sir

    I am living in rented house in noida and my work location is also in noida. I have taken housing loan(property in Ghaziabad NCR region) in April 2009 and i will get possession in feb 2010. Can I get tax benifit of HRA and Interest & principle paying on Housing loan?

    Thanks

    December 11th, 2009 at 3:16 am
75. ssrao said:

    Is it necessary to mention PAN of House owner to employer for enjoying rent relief u/s 10 (13A). Our employer says its precautions to avoid malpractices. Can employer do?

    December 12th, 2009 at 1:31 am
76. phani Kumar Vadlamaani said:

    Hi.. Sir…

    I am having one query.. is .. One of my employee working withus and her husband having home loan, the home loan is taken both jointly. Both are staying own house only. EMI amount paying thru on his bank account only. Previous year her husband claimed principal amount and interest on his IT returns (he is business man). Now she wants to claim the principal and interest part this FY-0910.

    1. Can she claim the home loan benifit…
    2. Is she produce any documents us (any regn. documents pertaining to loan or any agreement stating the both can availing)
    3. which rule can she claim these benefits.

    pl clarify and mail all the details.

    Phani Kumar.

    December 14th, 2009 at 4:49 am
77. Murli said:

    Hi,

    I have taken an housing loan and its a self occupied house..But i also pay rent to my parent as the house is on my father’s name.
    Can i claim both HRA and housing loan benefits..thanks..

    December 17th, 2009 at 8:53 am
78. namrata said:

    Can home loan be taken in the name of husband if house is in the name of wife?

    December 20th, 2009 at 8:32 am
79. POWNRAJ said:

    My cousin was working in Chennai. Last financial year he has gone to U.S. and worked for his employer’s client. But he has received salary both from Chennai employer and US client. Is my cousin can claim HRA exemption for the rented house in Chennai where his parents were living while he was in abroad at that time?

    December 28th, 2009 at 11:04 am
80. Pankaj Singla said:

    Thanks, This checklist or you can say points are very useful for layman.

    December 28th, 2009 at 10:47 pm
81. Sunil B said:

    We have to submit the rent receipts only or have to make court paper also? b’cause i hv only rent receipt sign by landlord with revenue stamp.

    December 29th, 2009 at 4:49 am
82. Sudeep said:

    Hi,

    I have changed the company in between a financial year(2009-2010).
    My earlier employer has not considered my HRA claim during the final settlement and is not saying nothing can be done. It cannot be shown in Form 16 as well. Is it possible to claim HRA while filing the returns?

    Regards,
    Sudeep

    January 5th, 2010 at 2:19 am
83. Freebie said:

    Hi,

    Suppose I have an NSC joined this financial year for net amount of 20000/- for 6 years (1-time payment). The return after 6 years is 40000/-.

    My Qn: Can I claim for Tax exemption for the entire amount of 20000/- this financial year?

    Thanks

    January 6th, 2010 at 10:50 am
84. krishnas said:

    Hello Freebie,

    Yes. you can claim the entire Rs.20000 in the current financial year.

    Thanks,
    Krishna

    January 6th, 2010 at 7:18 pm
85. krishnas said:

    Hello Sudeep,

    You can do that if your slary componenet has the HRA allowance.

    Thanks,
    Krishna

    January 6th, 2010 at 7:19 pm
86. Sudeep said:

    Hi Krishna,

    Thanks for your response.
    I do have HRA as a salary component.
    But how will the income tax department know the exact amount of HRA received by me as it will not be mentioned in Form 16.

    Regards,
    Sudeep

    January 6th, 2010 at 8:24 pm
87. krishnas said:

    Hello Sudeep,

    That is not the problem. You can provide the details while filing the IT returns.

    Thanks,
    Krishna

    January 6th, 2010 at 8:30 pm
88. Sudeep said:

    Hi Krishna,

    HRA amount is mentioned in my payslips only.
    So do I need to provide a copy of the same while filing returns?
    Thanks in advance.

    Regards,
    Sudeep

    January 6th, 2010 at 8:34 pm
89. krishnas said:

    Hi,

    Yes. you can provide the documents.

    Thanks,
    Krishna

    January 6th, 2010 at 9:04 pm
90. Deepak Tuli said:

    Kinldy let me know whether I can claim HRA exemption for the rent being paid by me to my parents for which I do not obtain/have any rent receipt. if so, please quote the relevent rule also so that I can produce the same to my employeer.

    please let me know urgently.

    January 12th, 2010 at 4:35 am
91. krishnas said:

    Hello Deepak Tuli,

    You can claim the HRA for which you have paid to the parents. But, receipts are compulsory. Get it from your parents and submit it.

    Thanks,
    Krishna

    January 12th, 2010 at 4:47 am
92. Rocky said:

    Hi,
    I am staying with my parents. Owner of the house is my father and my mother is a second owner.
    If I claim HRA, then is it possible that only my mother will show money from rent as her income (n my father shows no income from rent) and include it in her IT form?

    January 12th, 2010 at 9:53 am
93. krishnas said:

    Hello Rocky,

    If both are the house owners, they will share the profit from the house. That is the legal way.

    Thanks,
    Krishna

    January 12th, 2010 at 9:58 am
94. Sandeep Soni said:

    I have a govt jobs under delhi govt. i want to know that is there any agreement is required between owner and me to avail the hra deduction.

    January 16th, 2010 at 2:17 am
95. krishnas said:

    Hello Sandeep Soni,

    You have to submit the rent receipts.

    Thanks,
    Krishna

    January 16th, 2010 at 4:01 am
96. Karam said:

    Dear Sir,

    I have already raised a query,but didnt get response. My query was,
    “I have already a constructed house in my name, so i bought a another house in the name of my wife. Now i going to sell the first one which is in my name. I was staying in the second house and was claiming the house property deduction on the loan taken on first house. Now i want to transfer the second house in my name, so that i can claim the house property deduction by taking the loan on the second house. Pls suggests me is it possible to transfer the house in my name. Is there any tax implications? My wife is non working and not filing the ITR.”

    January 17th, 2010 at 10:15 pm
97. sudhanshu said:

    Hi ,I lives in a rented flat.Also i have taken home loan for a flat in same apartment where my parents stays.
    Can i claim HRA and home loan rwpayment exemption u/s 24(2)

    thanks,
    sudhanshu

    January 21st, 2010 at 4:19 am
98. mohammed said:

    hi.. krishna.

    My query is I owned house and staying. But my dependent parants are living in my native on rent ….

    so can avail the benifit of housing loan which i am staying ….and the HRA benifit where my parants living on rent( i mean Both)

    January 21st, 2010 at 1:31 pm
99. krishnas said:

    Hello Karam,

    You can not claim tax benefits for the transfer. What you can do is, show that you are buying the house from your wife and get the loan for paying your wife. That could be the only way. Is it your doubt?
    If you have any doubts please reply me.

    Thanks,
    Krishna

    January 21st, 2010 at 7:29 pm
100. krishnas said:

     Hello Sudhanshu,

     You can claim both, but you have to submit the valid reason for the same.

     Thanks,
     Krishna

     January 21st, 2010 at 7:31 pm
101. krishnas said:

     Hello mohammed,

     You can not avail the HRA for your parents. Also it should be in your work location. I hope this clears your doubts.

     Thanks,
     Krishna

     January 21st, 2010 at 7:32 pm
102. bhrugesh said:

     Dear sir,

     I have some question about HRA. If i have my own house and resident in my own house and I took HRA in my salary. Shall i deduct HRA from salary income in return.

     January 22nd, 2010 at 10:15 pm
103. krishnas said:

     Hello Bhrugesh,

     No. If you are staying the rental house, you can claim the HRA exemption. Otherwise it is taxable.

     Thanks,
     Krishna

     January 22nd, 2010 at 10:24 pm
104. Anurag Kumar said:

     I have recently been transferred but have yet not shifted my family to new location for various reasons. Both myself and family are presently staying in different cities in rented accomodation. Can I avail house rent exemption for both places against the rent paid for both acco in different cities?

     January 28th, 2010 at 9:06 am
105. Anurag said:

     I own a house which is registered jointly with my wife. I have taken a home loan in my name for this house and I am paying the EMI’s. I have now been posted to the same city and will join shortly. If I rent a separate house against HRA (due to distance between work place and own house) and the rent for my own house is taken in my wife’s name (being a joint owner),what are the implications on HRA and home loan tax benefits ?

     January 29th, 2010 at 9:50 am
106. krishnas said:

     Hello Anurag Kumar,

     You can get the HRA exemption for the city where you stayed. The work location must be the same.

     Thanks,
     Krishna

     January 29th, 2010 at 10:01 am
107. Anurag said:

     I own a house which is registered jointly with my wife (a housewife). I have taken a home loan in my name for this house and I am paying the EMI’s. I have now been posted to the same city and will join shortly. If I rent a separate house against HRA (due to distance between work place and own house), continue to pay EMIs for the home loan from my salary and the rent for my own house is taken in my wife’s name (being a joint owner), what are the implications on HRA and home loan tax benefits ?

     January 30th, 2010 at 11:55 pm
108. krishnas said:

     Hello Anurag,

     You can claim the tax benefits and HRA exemption. You have to show the rental income for the house. If you are paying the entire loan, then 100% rental income you have to show. Even though it is received in your wife name, the income will be clubbed in your name.

     Thanks,
     Krishna

     January 31st, 2010 at 12:14 am
109. Anurag said:

     Thanks, Mr.Krishna, for your reply. In case, I do not claim the Principal and interest deduction towards the home loan in my IT return or suppose I foreclose the loan, can the rent be taken in my wife’s name (being a joint owner) and not reflected in my income.

     February 1st, 2010 at 7:40 am
110. Rajesh said:

     We are paying rent of 13000/- per month and rental agrement is in my name and I pay rent as cheque from my savings account.

     Is it possible for my wife to claim this rent amount of 13000 as HRA, in case I am not claiming this amount for my IT exception.

     February 1st, 2010 at 9:57 am
111. krishnas said:

     Hello Rajesh,

     Yes. Your wife can claim the exemption. Only requirement is to submit the rental receipts in your wife name.

     Thanks,
     Krishna

     February 1st, 2010 at 7:06 pm
112. krishnas said:

     Hello Anurag,

     Yes..you have to share the income with some ratio like 50:50

     Thanks,
     Krishna

     February 1st, 2010 at 7:09 pm
113. Francisco said:

     I have a flat in Kalyan (Thane District) and am paying an EMI on that flat. I am working in Gorgaon which I find difficult to travel from Kalyan hence i have rented an accomodation in Byculla (Mumbai). Am i eligible to claim HRA as well as Principal and interest on the Self Occupied Property.

     February 9th, 2010 at 3:06 am
114. sweety said:

     what documents are needed to be submitted for HRA exemption? i don’t have any address proof in my name,what should i do?
     i am a govt. teacher & single.

     February 10th, 2010 at 6:48 am
115. anil said:

     I am posted at jaipur and living in company’s bachlor accomodation where as my family is residing at Ajmer in a rental accomodation. I do visit Ajmer weekly to look after my family. I wish to avail HRA rebate for Ajmer house. Am i entiteled for it.

     February 11th, 2010 at 2:56 am
116. Meera said:

     I am staying in Mumbai on rent for Rs.5500/- from April 2009 – November 2009 and Rs.8000/- from Dec 2009 to March 2010. I have received HRA Rs.2700/-(25% on 10800) from April 09-Nov 2009 and Rs.4000/- (40% on 10000/-) from Dec 09-March 10.

     How much HRA Exemption i will get???

     February 11th, 2010 at 7:28 am
117. Udaya said:

     I am a govt. employee staying at karur (T.N) on a rented flat , my chieldren and wife, who is also a govt. employee staying at chennai on a rented flat. Can I take full rent of Karur flat and part rent of chennai flat as rent paid by me for calculation of HRA exemption.

     Rent paid for chennai flat is much more , which has been shared by myself and my wife.

     February 13th, 2010 at 12:33 am
118. Kishor Warkari said:

     The HRA component is not included in the salary structure, could we take the HRA exemption

     February 13th, 2010 at 4:00 am
119. RAHUL said:

     sir,

     help me out ,I am working in a PSU company,my mother is dependent on me and claiming medical benefit for her.I am staying in mother’s house.Can i claim HRA benefit by producing rent receipt to my comapany..

     rahul

     February 14th, 2010 at 8:50 am
120. deepesh said:

     I have a housing loan and claiming tax benifit up to last year, Due to some reason for renovation of house i have shited to rented house, Can i take hra tax benifit from rented house. Pl reply

     February 15th, 2010 at 9:11 pm
121. lalit jain said:

     hello sir
     i am a govt employee and i had avail the hra deducation last three years but now my ddo said that i can avail the hra deduction when i produced my rent aggrement and pan card of my landlord whenever i did not produced that documents before so please tell me the provision with income tax articals regarding the hra deductions.
     can my ddo demanded that documents is it said by income tax act if yes please give me details of that
     thanks and regard
     lalit jain

     February 19th, 2010 at 7:13 am
122. V.K.THAKUR said:

     Hi,

     I am PSU employee and getting HRA(House rent allowance). and it is shown as income for me. I am living in my own house and getting tax benifit on loan interest payment as I have taken loan from my company for that house building. Can I get 30% tax rebate agaist maitenace of my house on HRA?

     February 22nd, 2010 at 2:13 am
123. kumar said:

     i have one quiery i have a own house in bangalore and iam staying in the house and iam availing the tax empetion on interst paid and principle amount pait towards house loan. My question is iam paying the rent to my parents who stay in hyderabad from my salary can i avail the HRA EXEMPTION for the rent iam paying for my parents who are dependent on me?

     February 23rd, 2010 at 10:54 pm
124. sandra said:

     Can i give rent to my mother in law and clain HRA for the same. I give the HRA amount to her annually and take receipts.

     February 23rd, 2010 at 10:56 pm
125. Prashant said:

     Please tell me the calculation HRA taxable amount with an example

     February 25th, 2010 at 2:04 am
126. Tejas said:

     Hi,

     I have resently purchase a house at Pune (on Bank Loan) but i am working in gujarat & received HRA from my employer ? My parents are living in my Pune’s House so can i take HRA Deduction, Repayment Of My Loan Installments & Interest on Loan???

     February 27th, 2010 at 3:42 am
127. Raju said:

     Hi, Nice information. I have some queries, hope you can help me.

     I am working in Mumbai. My CTC is Rs.10,90000. Of which my HRA monthly is 17000 and Basic is Rs 34,000. My monthly gross is Rs 79,000

     I am staying in a house with my parents and brother. The house is co-owned by me and my brother.

     My questions are:

     1) Can I claim HRA by paying rent to my brother? We don’t have any house loan against it
     2) If I cannot claim HRA, then how much tax will be deducted from my HRA component? ie Rs17,000 is HRA. Will I be not getting any HRA money if I cannot claim HRA?
     3) As now you know my montly gross, can you give me my estimate take home salary, considering I make investment of 1 lac p.a

     Thanks.

     February 27th, 2010 at 1:42 pm
128. Yogesh said:

     Hi,
     I was working in mumbai and my perents were staying at pune in flat owned by me. Now i shifted to Pune. But i want to stay in Rented House. Can i claim

     1) Repay of Capital (1,00,000)
     2) Interest (1,50,000)
     3) HRA ( 1,20,000)

     February 28th, 2010 at 5:26 am
129. Manohar Ingle said:

     I am posted at salekasa gondia and living in a rented house where as my family is residing at Nagpur in a rental accommodation. I do visit Nagpur biweekly to look after my family. I wish to avail HRA rebate for Nagpur house. Am i entitled for it.

     March 3rd, 2010 at 2:33 pm
130. Suddha Satta Ray said:

     Hi,
     In spite of producing the rent receipts (all in original) to my employer for claiming HRA exemption under U/s 10, they still did not exempt a single rupee. The reason they mentioned is that Lease Agreement was required. Now, how can I get the additional tax amount back which I had to pay because of not getting HRA exemption.? Can I file a return? I have already deposited my rent bills to my employer. How will I claim the additional tax I paid now?

     Please advise. Really confused and frustrated (with my employer).
     Regards.
     S Ray

     March 10th, 2010 at 8:00 am
131. Manohar Ingle said:

     i have already submitted my income tax statement to my employer but didn’t claim house rent exemption in that statement, though my family is staying at nagpur in a rented house. i do have the house rent receipt. presently i am not working at nagpur. so can i claim house rent exemption while filing income tax return, for the house where my family is staying.

     March 12th, 2010 at 7:26 pm
132. renu said:

     i stay in a rented place as a paying guest. In paying guest we do not have rent agreement. Can i show my rent receipts to avail tax benefit. Or is rent agreement mandatory.

     March 15th, 2010 at 10:32 am
133. Philip said:

     Dear Sir,
     I am staying in Mumbai on rent for Rs.5500 and my parents also staying on rent for Rs. 4500/- , both the rent is paid by me.
     can i claim both

     March 16th, 2010 at 11:55 pm
134. Vandana said:

     Hello
     Tell me few about P.F details.. P.F contribution by employee is exempted from tax and same doubt regarding employer contribution ..

     March 18th, 2010 at 9:43 pm
135. manoj Aggarwal said:

     have one quiery can current employer given to hra exaimtion be half of previous employer. supose A woriking is five month in delhi than he join is gurgaon a new co. pl let me know can last five month hra exaimption given to person.

     March 29th, 2010 at 9:14 pm
136. Saket said:

     Hi,

     I have taken a home loan to buy a under-construction apartment in Bangalore east taluk (Bangalore district) and the possession date would be around March 2012. And till that time, I would be staying in a rented apartment (not owned by me). Then, in such a case, will I be allowed to claim all the following benefits from the Income Tax in the financial year 2010-11 & 2011-12 :

     Tax benefit on principal repayment under Section 80C
     Tax benefit on interest payment under Section 24
     HRA Exemption

     Once I get the possession in March 2012, then would I be able to continue claiming the following benefits from the Income Tax in the financial year 2011-12 & beyond (till my EMI payments continue) :

     Tax benefit on principal repayment under Section 80C
     Tax benefit on interest payment under Section 24

     Regards,
     Saket

     March 30th, 2010 at 12:09 am
137. Saket said:

     Hi,

     I have taken a home loan to buy a under-construction apartment in Bangalore east taluk (Bangalore district) and the possession date would be around March 2012. And till that time, I would be staying in a rented apartment in Bangalore city where I work (not owned by me). Then, in such a case, will I be allowed to claim all the following benefits from the Income Tax in the financial year 2010-11 & 2011-12 :

     Tax benefit on principal repayment under Section 80C
     Tax benefit on interest payment under Section 24
     HRA Exemption

     Once I get the possession in March 2012, then would I be able to continue claiming the following benefits from the Income Tax in the financial year 2011-12 & beyond (till my EMI payments continue) :

     Tax benefit on principal repayment under Section 80C
     Tax benefit on interest payment under Section 24

     Regards,
     Saket

     March 30th, 2010 at 12:11 am
138. Sachin Chaudhry said:

     Dear Krishna,
     kindly explain the following:
     1) I have a flat in NCR in joint name of mine and my brother where my parents are currently staying…I am shortly about to be posted to Delhi, then i intend to stay in that flat only which is in my joint name…Shall I be entitled to receive HRA from my department while living in own named house.
     2) Will I be entitled to claim HRA exemption while filling ITR.
     3) Since its in my joint name with my brother, what portion of that loan me and my brother can claim as rebate under Sec 24(B) and 80 (C) since we both are equal partners though I am the first owner…
     Regards
     Awaiting reply
     Sachin

     April 4th, 2010 at 2:58 am
139. Sarfaraz said:

     Dear Krishna,
     The information provided by you is very informative. However, I am a non-finance / accounting person but dealing with HR aspects. I need one clarification which perhaps has not been raised above.
     I am planning a tax-friendly compensation structure but need your assistance.
     Can HRA be paid to field-employees (helpers/workers/technicians) as part of compensation structure, who stay at locations other than their main residence and they are constantly moving from one location to another – say every two or three months or six months? They stay in rented houses for which the landlord will not be able to provide any receipts – partially because the landlord is illiterate – the houses are also kucha-puca hutments/shacks, etc. If so, how much as a percentage and upper limit can be paid to them on a monthly basis with attracting income tax.
     I Appreciate your sharing of knowledge.
     Thanks.
     Sarfaraz

     April 6th, 2010 at 2:00 am
140. Raman said:

     I m staying in a rented house for which i m getting HRA tax exemption. I have booked a construction liked flat. i’ll get the posession in sept 2011. Now i planning for the home

     Please let me know if i can get the tax rebate on HRA as well as on interest paid for Home loan repayment

     April 12th, 2010 at 5:54 am
141. MOHAN said:

     Hi,
     I got a flat in Pune on loan & working in banglore staying in a rented place(not owned by me).Currently booked a flat in banglore which will two years for poession paying EMI for that..Pls confirm me following..

     1.Can i claim income loss/gain on both the properties in Pune & Bangalore?
     2.Can i claim HRA exemp. being salary component?

     April 25th, 2010 at 6:39 am
142. Himanshu said:

     I have purchased a house after availing home loan. Next financial year I shall pay a total EMI of Rs 18 lakh, out of which interest payment shall be approx 15 lakh.

     My intention was to move into my own house. However, it seems that IT deduction on interest is limited to only 1.5 lakh in the case of self-occupied property. But it is is unlimited (after adjustment for rent received) in case one rents the property out.

     In this case, is it possible to rent out my flat to my mother (retired) at a fair market rate (likely to be Rs 8 lakh pa) and claim the enhanced interest deduction benefit? As per my calculation it should be possible to show a negative house rent income of (rent – 30% of rent – interest paid).

     Please advise.

     May 24th, 2010 at 4:57 am
143. Isma said:

     Kindly let me know about the JC designation wise.

     May 27th, 2010 at 3:11 am
144. Meenakshi Gnaguly said:

     I stay in my Company provided quarter and they deduct HRA from my salary. My spouse stay in another location and in rented house. Can i claim HRA exemption for my spouse who pays the rent? or do i also need to stay in a rented house. Kindly help.

     May 29th, 2010 at 5:39 am
145. senthilnathan said:

     myself and my wife are working in same department in same station. we are staying in TNHB Quarters and so iam claiming the HRA exemption in my salary. My wife parents are staying in chennai in rented house for which she is paying the rent. whether she can claim the hra exemption for that rent paid on behalf of her parents. please clarify my doubt sir…
     thank you..

     June 8th, 2010 at 9:03 am
146. amita said:

     if employer did not give HRA exemption in their 16(A) form , how to claim HRA exemption by salaried person in their return filing.
     there is ITR NO. 1 for salaried person.

     June 28th, 2010 at 3:08 am
147. amita said:

     if employer did not give HRA exemption in their 16(A) form , how to claim HRA exemption by salaried person in their return filing.
     there is ITR NO. 1 for salaried person.please clarify .

     June 28th, 2010 at 3:10 am
148. rahul said:

     pls advise, if i need to produce lease agreement along with rent receipt

     August 4th, 2010 at 6:01 am
149. Amit Kumar Srivastava said:

     sir i want to ask a question regarding HRA. should HRA 15% of the basic or it should 40-50%.

     August 13th, 2010 at 11:13 pm
150. Piyush said:

     I bought a flat in joint name with my wife (non-working). I wil lget possesion in Feb-2010.
     I took loan and all repayments are from my account by me.
     Can I get HRA exemption? if yes, how much?
     should i take possession after mar-2011 (after financial yr’2010)?

     August 20th, 2010 at 12:38 pm
151. PP said:

     My company has sent us circular.
     “This is with reference to House Rent shown in Investment Declaration Form, following documents need to be submitted as documentation proof:

     1) Original rent receipt for all the months during which residence is occupied. Further, the rent receipts should contain the landlord’s Permanent Account Number (PAN)

     2) Copy of duly executed lease agreement between the employee and the Landlord. ”

     Is it the requirement as per Income tax law.

     Thanks for your clarifications

     September 3rd, 2010 at 3:27 am

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