Watch out salaried taxpayer
Posted on: 19/Nov/2013 2:00:30 PM
Salaried taxpayer claiming house rent allowance (HRA) deduction, watch out. The Centre has lowered the exemption limit for reporting the rent received to 8,333 per month.
Salaried taxpayers claiming HRA exemption and paying over 1 lakh per year have to give the landlord’s PAN. Till now, if the rent paid was less than 15,000 a month there was no need to submit the landlord’s PAN details.
