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Can anyone who is salaried get exemption for House rent paid?

Public Comments

1. in india yes to the extend of 10% of ur salary if u can produce a proper proof of it
2. Yes = 1.provided he is getting HRA( House Rent allowance) 2. He is residing in a rental accomodation 3.He must not own a house at the place where he is living The exemption will be least of the following 1. HRA received 2.The excess of rent paid over 10% of salary 3. 40% of salary in all place except Delhi,Calcutta, Bomay,& Madras where it is 50% of salary
3. Hi Dear 10% of your salary is not exempted anything over this amount is exempted
4. Yes, An salaried person is entitled to get an exemption of HR paid for the year an amount up to or equal to 10% of Salary.
5. For house rent deduction and salary breakup to get maximum deductions, read: Income From Salary http://mytaxes.in/index.php?topic=17.0
6. You can claim HRA exemption if you fulfill these three conditions: - You have an HRA allowance as part of your salary package. - You are staying in a rented accommodation and paying rent for it. - The rent exceeds 10% of your salary. Section 80GG DEDUCTIONS IN RESPECT OF RENTS PAID. In computing the total income of an assessee, not being an assessee having any income falling within clause (13A) of section 10, there shall be deducted any expenditure incurred by him in excess of ten per cent of his total income towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence, to the extent to which such excess expenditure does not exceed two thousand rupees per month or twenty-five per cent of his total income for the year, whichever is less, and subject to such other conditions or limitations as may be prescribed, having regard to the area or place in which such accommodation is situated and other relevant considerations : Provided that nothing in this section shall apply to an assessee in any case where any residential accommodation is - (i) Owned by the assessee or by his spouse or minor child or, where such assessee is a member of a Hindu undivided family, at the place where he ordinarily resides or performs duties of his office or employment or carries on his business or profession; or (ii) Owned by the assessee at any other place, being accommodation in the occupation of the assessee, the value of which is to be determined under sub-clause (i) of clause (a) or, as the case may be, clause (b) of sub-section (2) of section 23. Explanation : In this section, the expressions "ten per cent of his total income" and "twenty-five per cent of his total income" shall mean ten per cent or twenty-five per cent, as the case may be, of the assessee's total income before allowing deduction for any expenditure under this section.