Dear Seniors,
I would like to know if to get HRA exemption, an employee has to submit original Rent Receipts, or is it okay if he has submitted a xerox copy of the rent receipts.
Awaiting your answers.
Regards,
Shri
From India, Mumbai
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I would like to know if to get HRA exemption, an employee has to submit original Rent Receipts, or is it okay if he has submitted a xerox copy of the rent receipts.
Awaiting your answers.
Regards,
Shri
From India, Mumbai
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shri, Original rent receipts are to be submitted to accounts(taxation department who provide form-16) for exemption of hra
From India, Bangalore
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3From India, Bangalore
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Hello,
If somebody is receiving free accommodation from the company, and HRA is also mentioned in the CTC, how can one convince a new employer during an interview? Is it Total CTC + Accommodation?
Also, there is no accommodation proof unless it is verified. However, in certain private limited companies, there is no process of verification.
Kindly guide on the same.
Thanks & Regards,
Sangani
From India, Mumbai
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If somebody is receiving free accommodation from the company, and HRA is also mentioned in the CTC, how can one convince a new employer during an interview? Is it Total CTC + Accommodation?
Also, there is no accommodation proof unless it is verified. However, in certain private limited companies, there is no process of verification.
Kindly guide on the same.
Thanks & Regards,
Sangani
From India, Mumbai
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Hi Sangani,
Below in Note: The company will mention on the last page that HRA will be paid if the company is unable to provide accommodation as per the company's HRA policy, subject to verification of where the employee is staying.
These are the processes for HRA.
From India, Bangalore
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Below in Note: The company will mention on the last page that HRA will be paid if the company is unable to provide accommodation as per the company's HRA policy, subject to verification of where the employee is staying.
These are the processes for HRA.
From India, Bangalore
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Hi Sangani,
In the note below, the company will mention on the last page that HRA will be paid if the company is unable to provide accommodation as per the company's HRA policy. However, both cannot be paid as per the rules of HRA. HRA will be rejected if accommodation is provided by the company (as per taxable rules in taxation).
As you mentioned that the company is paying HRA in CTC along with accommodation... (If possible, the company is providing extra benefits to employees). Yes, the company can verify where the employee is staying through the admin officer or the admin department.
From India, Bangalore
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In the note below, the company will mention on the last page that HRA will be paid if the company is unable to provide accommodation as per the company's HRA policy. However, both cannot be paid as per the rules of HRA. HRA will be rejected if accommodation is provided by the company (as per taxable rules in taxation).
As you mentioned that the company is paying HRA in CTC along with accommodation... (If possible, the company is providing extra benefits to employees). Yes, the company can verify where the employee is staying through the admin officer or the admin department.
From India, Bangalore
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Yes, it is the case. By reference of top management, accommodation has been provided. Now, if the new employer does not have a policy of reference checks, how should one convince at the interview desk? Does it mean CTC + accommodation? Should one include HRA in his new company rather than accommodation in his expectations?
For example, the current CTC in ABC Company is 20,000 per month (including HRA), plus this accommodation (extra benefit), and according to the company policy, movie tickets up to Rs. 1,000 per month. Now, in XYZ Company, can one demand 20,000 + 1,000 + approximately 4,000 (in place of accommodation) + a 30% hike? And in April, he will get an increment too (exceptional). Totaling 25,000 + a 30% hike. Can an employee demand the above?
Ensure there is a single line break between paragraphs.
From India, Mumbai
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For example, the current CTC in ABC Company is 20,000 per month (including HRA), plus this accommodation (extra benefit), and according to the company policy, movie tickets up to Rs. 1,000 per month. Now, in XYZ Company, can one demand 20,000 + 1,000 + approximately 4,000 (in place of accommodation) + a 30% hike? And in April, he will get an increment too (exceptional). Totaling 25,000 + a 30% hike. Can an employee demand the above?
Ensure there is a single line break between paragraphs.
From India, Mumbai
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Sangani,
For example, as you mentioned, the current cost to company (CTC) in ABC Co. is 20,000 per month, including House Rent Allowance (HRA), an extra benefit for accommodation, and movie tickets up to Rs. 1,000 per month as per company policy.
Now, in XYZ Co., can the demand be for 20,000 + 1,000 + approximately 4,000 (in place of accommodation) + a 30% hike? Additionally, in April, there will be an exceptional increment as well. It is essential to note that each company has its unique policy, and comparisons may not be appropriate. Therefore, the correct approach would be to request a CTC plus a 30% hike, resulting in a total of 25,000 + 30% hike.
Can an employee make the demand as mentioned above?
From India, Bangalore
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For example, as you mentioned, the current cost to company (CTC) in ABC Co. is 20,000 per month, including House Rent Allowance (HRA), an extra benefit for accommodation, and movie tickets up to Rs. 1,000 per month as per company policy.
Now, in XYZ Co., can the demand be for 20,000 + 1,000 + approximately 4,000 (in place of accommodation) + a 30% hike? Additionally, in April, there will be an exceptional increment as well. It is essential to note that each company has its unique policy, and comparisons may not be appropriate. Therefore, the correct approach would be to request a CTC plus a 30% hike, resulting in a total of 25,000 + 30% hike.
Can an employee make the demand as mentioned above?
From India, Bangalore
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But if a person is getting extra benefits, then why would he leave his ABC company? So, in case XYZ company is ready to accept this, only then would it be fair enough to change his current company. In a nutshell, he is eligible for something more than what he is currently getting.
From India, Mumbai
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From India, Mumbai
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You can demand more by negotiating a CTC with a 30% hike. That is what I mean to say. However, do not apply the rules of one company to another. You will consider changing your job when you receive a higher hike, maybe 30% or 40%, depending on the location and position.
From India, Bangalore
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From India, Bangalore
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First of all, it is not for me, but one of the employees who is demanding, according to the caption. So after lots of negotiation, we are offering some extra compensation because he is getting all benefits in his previous company.
Thanks for discussing this matter with me in detail. I really appreciate your courtesy and time.
Thanks and Regards,
Sangani
From India, Mumbai
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Thanks for discussing this matter with me in detail. I really appreciate your courtesy and time.
Thanks and Regards,
Sangani
From India, Mumbai
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HRA – House Rent Allowance.pdf
Note on HRA & LTA Exemption.doc