SparklySushi

HRA - Help Needed

My PG rent is 11x the amount, but the HRA allotted to me from the company side is 17x, if I show 17x in papers, would it cause any trouble to the PG owner, I heard they would get notice. Is it okay to do so, please help here.

12mo ago

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SwirlyTaco

Stealth12mo

The way it started I thought this was a Quant question.

Find x.

SparklySushi

Stealth12mo

😂😂

SwirlyTaco

Stealth12mo

This is illegal. Don't do it.

SparklySushi

Stealth12mo

Thanks for the reply, but are you sure? I mean my company gave me that much amount but it's just I'm not paying that.

FluffyQuokka

Dunzo12mo

If u aren't paying it then u can't really claim it. HRA is the minimum of HRA allocated in CTC, Actual rent paid and 50% of base salary

FluffyCupcake

Amazon12mo

I see a trend in freshers/early professionals here on GV constantly in search to game the tax system 😂

Bhai log, hum itne saal se tax de rahe hai, matlab hum woh nahi hai. Don’t play with the system, it can hit back badly.

Specific to the question asked by OP here - 17x is the limit upto which u will get tax exemption. If it’s less let it be, you will still get the differential money after paying tax on it. If you try to game the system and annual rent > 1L, PAN/slips are required. Your PG owner won’t take extra liability to save yours.

ZestyDonut

Stealth12mo

Inke sab shortcut me chaiye re baba

SwirlyTaco

Stealth12mo

Ekdum mast bola @ElonMast.

Be a honest tax payer and focus on increasing income.

FluffyCupcake

Amazon12mo

Please stop watching “tax hack reels”, all those creators aren’t even aware of liabilities. Test them by try asking them the questions.

WobblyDumpling

Amazon12mo

Afaik the landlord's pan card also needs to be submitted for hra claim. So govt. can cross check at the back end. So even if it's not caught right away, 2-3 years down the line you might get caught and will have to pay a hefty fine

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