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Income tax HRA EExemption


 Dear Sir

I am working in a private company in Gurgaon and staying at Gurgaon. The company gives me HRA @ 50% of my basic salary. While claiming rebate one of the rule of HRA rebate says 50% of salary for metro city and 40% of salary for non-metro city. (1) Whether Gurgaon comes under Delhi metro city or not? As per Ministry of India O.M. no 11023/1/86-E.II(B) dt. 09.12.86 where it says HRA/CCA at Delhi rates in Gurgaon. Whether the same for claiming tax rebate. If gurgaon comes under metro city I can get full HRA rebate, otherwiswe I can get 40%, (2) then is the rule of giving 50% HRA of Basic is justified? I will be obliged to get the reply soon. Thanks in advance



By: ANKITA

Dear Ankita

You have referred to a notification. It is not clear if the same is applicable for the purpose of Income Tax. Only CBDT can clarify it. Till that time you can get only 40 %

regards

srinivasn

 



By: S.SRINIVASAN



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25 Apr

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ITC-04 for the half year (Oct - Mar 2024) (For taxpayers > 5 Cr. Turnover) - Rule 45.

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ITC-04 for the FY 2023-24 (For taxpayers upto 5 Cr. Turnover) - Rule 45.

28 Apr

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GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

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