Find solution
How Do I Apply For Tax exemption?

As per Indian Tax laws,husband and wife both get HRA.How do they get tax exemption as individual assessees.?

  • A couple working for an organisation pay income tax as individuals.While both of them draw HRA,the tax exemption is applicable to both or only one of them as the rent payment receipt would be in either one's name?

  • Answer:

    Both of you can claim: 1. If the rental agreement is ni both your names 2. The rent receipt should reflect the same - if both names are mentioned then it will be 50% each. Another option is that you can alternate the name on the rentt receipts on a monthly basis...

bob at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

Either one is eligible for HRA deduction. HRA can be deducted if amount is actually paid. Read HRA in Income From Salary http://mytaxes.in/index.php?topic=17.0

Jss

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.