the Qs
the Qs

My landlord is refusing to give his PAN card number. Can I still claim HRA?

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If you’re paying an annual rent of more than 1 lakh rupees, then compulsorily you will have to submit your landlord PAN to your employer so that your employer deduct the correct amount of TDS. so if you’re paying more than one lakh rupees as rent every year, then definitely your employer will be cutting excess TDS. However, you can claim the benefit of the excess rent that you have paid while filing your IT returns, provided you have sufficient proof for that. However, it is better you ask your owner before you take the house on rent.
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the Qs

My landlord is refusing to give his PAN card number. Can I still claim HRA?

If you’re paying an annual rent of more than 1 lakh rupees, then compulsorily you will have to submit your landlord PAN to your employer so that your employer deduct the correct amount of TDS. so if you’re paying more than one lakh rupees as rent every year, then definitely your employer will be cutting excess TDS. However, you can claim the benefit of the excess rent that you have paid while filing your IT returns, provided you have sufficient proof for that. However, it is better you ask your owner before you take the house on rent.
Rectangle 5937

Wait..would you like to get more like this?

Join 12,000+ readers who receive our insights decoding Personal Finance twice a week, so you can make the most out of your money.
No Spam. Only Finance
No Spam. Only Finance

Recent Posts

Why IRDAI bars ULIPs from being advertised as investment product

ULIPs combine insurance and investment, but hidden charges significantly lower returns compared to mutual funds. Understand IRDAI’s new restrictions on promoting ULIPs as investment products.

Tax rates of G20 Countries and India’s Global Standing.

Exploring the highest and lowest income tax rates across G20 countries and discovering how different nations tax their citizens, with India's highest rate at 30%.

Index Funds

Index funds make investing easy by tracking a market index, helping your money grow steadily. They offer lower fees and built-in diversification, providing a simple way to build long-term wealth.

Can you explain the major changes in capital gains taxation from the Budget 2024? I’m trying to figure out how these updates will impact my investments.

How much emergency fund should I have, and where to save it? Should I keep it in a separate account or invest?

Honestly, on the conservative side, one should have at least 12 months worth of living expenses as emergency savings and you cannot just create this once and forget about it.…

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Practical

Case Studies

This isn’t a normal masterclass. You will get a comprehensive hands-on experience of various “Tax Strategies” with our proven case-study based approach.

Get access to in-house built powerful Old vs. New Tax regime calculator, tax handouts, and more.
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