compution of tax deduction for rent paid

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  1. bharat udeshi

    bharat udeshi New Member

    Supposing that I pay a monthly rent of 25000, how much deduction can I claim for calculation of income tax on my total income
     
  2. Karan Batra

    Karan Batra Well-Known Member

    If you are a salaried employee and getting HRA, you can claim deduction for the rent paid.

    The deduction that would be allowed will depend on your salary, place of residence, rent paid & the HRA received.

    For computation of the exact amount that would be exempted in your case, you can refer this link - http://www.charteredclub.com/house-rent-allowance/
     
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