A statement of the house rent receipts needs to be submitted to the employer in Form 12BB in order to claim the HRA benefits. This is needed at the time of filing income tax returns. Timely Filing. File the income tax return timely meeting the deadlines. Information Consistency. File Income Tax Return: Choose the relevant Income Tax Return (ITR) form that suits your income sources and file your tax return with the appropriate authorities. Provide HRA Details in the Tax Return Form: Fill in the necessary information related to HRA in the tax return form. You will be required to enter the actual HRA received, as well as You can claim HRA even when living with parents. An employee can claim an HRA exemption even when living with his or her parents. For this, the employee will have to enter into a rental agreement with the parents to pay rent every month. Also, parents will have to show this rent as income in their ITRs.

The HRA is exempt up to 1.2 lakhs, with the additional 1.2 lakhs subject to tax. Once you are aware of the HRA claim amount, use the appropriate ITR form and submit your ITR by doing the following: Enter your salary in Form 16 – Part B’s “Salary as per requirements specified in section 17(1)” field.

Replied 02 January 2010. HRA will be calculated for every employment separately on the basis of number of months worked with each employer. The exemption will be governed by Sec 10 (13A) of Income Tax Act in each case. If the assessee has worked with more than 1 employer in a given period, where he is given HRA, then HRA for that period can be
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50% of basic salary for metro city: 50% of ₹ 50,000 x 12 = ₹ 3,00,000. In this case, the least value is Rs. 1,56,000, so Ms. Priya can claim an HRA exemption of up to Rs. 1,56,000. The balance of her HRA, which is ₹ 68,000 (₹ 25,000 x 12 -₹ 1,56,000), will be taxable. HRA Calculation. hXnp3S1. 195 361 281 77 334 97 51 389 68

how to claim hra in itr