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.
The way it started I thought this was a Quant question.
Find x.
😂😂
This is illegal. Don't do it.
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.
Inke sab shortcut me chaiye re baba
Ekdum mast bola @ElonMast.
Be a honest tax payer and focus on increasing income.
Please stop watching “tax hack reels”, all those creators aren’t even aware of liabilities. Test them by try asking them the questions.
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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