Dear Seniors,
Please give me advice on leased house, Persons is staying in a leased house for 3 years for Rs. 300,000/-.
1. Whether we can consider for HRA calculation?
2. Lease amount he will get after 3 years, So can consider for HRA calculation?
3. Is there any rules for leased house?
From India, Bangalore
73Please give me advice on leased house, Persons is staying in a leased house for 3 years for Rs. 300,000/-.
1. Whether we can consider for HRA calculation?
2. Lease amount he will get after 3 years, So can consider for HRA calculation?
3. Is there any rules for leased house?
From India, Bangalore
If company is providing leased accommodation, it is coming under perquisites and they will deduct 15% of basic and no HRA. If you have taken the accommodation on lease, you can not claim tax benefits as you are getting back the lease amount after some time. In your case, you can not produce rent receipts.
Pon
From India, Lucknow
Pon
From India, Lucknow
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
HRA – House Rent Allowance.pdf
Training and Development Power House.zip