Sir, muze salary me HRA milta hai but muze wo claim nai karna , so jo bhi amount aaega after this calculation wo taxable income se minus hoga ? Ya 00 hoga ? Explain Krna
Thank you sir. Woh dearness allowance ke vajese confuse tha me....i am private salaried employee, now everything is clear....it will be 50% of basic components.
You have very good professional approach but I don’t understand why people don’t like ur videos. Keep sharing good knowledge. Guys like his videos. Thanks
Thank you very much Mukul Ji....ye video dekhne ke baad mujhe bhi HRA ITR is knowledge ho gayi..Jo ki Kai dino se ek confusion bana hua tha. Please keep uploading such great knowledge always.
@@AssetYogi Sir, I used to fiel ITR-1 but for next fiscal year 2023-24 (Assessment Year 2024-25) I need to file ITR 3 as I have started Intraday trading from June 2023. Please make a video on how to file ITR-3 as it is a little complicated
Great Clarity in the subject covered, minor issues & minute details covered. Great service to humanity . Sir. May God Bless your family, Children & your Team..Keep up the Good Work Thankyou..Sir.
Please discuss this point it's mention in the act: In case you own any residential property at any place, for which your Income from house property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.
Yogi Ji - Is HRA calculated on monthly basis or annual basis? Let's say my annual HRA is 1,20,000 and my Rent is 20,000 per month, but I stayed on rent for only 6 months.If my HRA is calculated monthly, I get only 60,000 exemption (10,000 for 6 months I stayed on rent). If calculated yearly, I get whole 1,20,000 exemption. I know I didn't consider -10% Basic, but this is just simplified scenario to explain the question.
Sir can you please provide the notes (word file) too..becoze we watch video and understand but forgot some tym later, and if try to write it down in takes too much time, 10 min video have too much content to write, so if you can provide the word file too that will be food full for us in a much effective manner also. In the end sir you are doing great job good amount of knowledge you are providing to all of us.
7:55 you said no tax will be calculated if the salary is under or equal to 5lakh...so the person whose salary is let's say 4 lakhs per anum and they will have the HRA in their salary component, So will they be taxed on the given HRA for their salary ?
Thanks for the information. Have 1 query related to Home loan & HRA, can i claim HRA if i am staying in my own house & paying per month emi for that home loan in same CITY . Please suggest.
Sir plz plz.plz m ur big fan..u never answered my query..sir Capital gain pe plz ek video banaiye..actually muje last year long term capital loss hua tha..usko me is sal ke short term capital gain ke sath set off kar sakta hu?ispe ek detailed video banaoge bahot maherbani hogi..
Please tell 1.Is rent can be taken into deduction if parents are dependent to salaried employee. 2. What is perquisite and how it is related to HRA or taxable income.
Sir many time I requested please make a video on MBS AND ABS as the way you explain us is very simple..we can find many explaination on this topic. But as you are giving simple example.so that's why I requested you. Please make a video
The income tax act allows claiming pre-construction interest only after the construction is completed in 5 equal installments. Also, only the interest components can be claimed as a deduction on completion of construction.
In case of deduction of HRA from income tax, suppose I am renting house from mid year.For example, if I have paid rent for 6 months from Oct-March. In that case, will the calculation be based on the salary of the 6 months of Oct-March, or, will the calculation be based on the salary of the entire 12 Months? Please tell me. 🙏
Sir,I dont have HRA rent receipt and Rent agreement ,but I am paying rent and also getting the HRA from my employer.Can I claim HRA and under which section?3000 × 12 under which section
Hi Mukul ji, i am salaried employee, what to do if the (actual rent - 10%BS) is coming as negative amount (-126450), in this case minimum is this itself then does it mean that I have to pay tax on that negative amount. or should i not submit any monthly receipt and rental agreement because other 2 options are by default higher. Please suggest.
Monthly option ke alawa agar quarterly ya yearly rent amount Parents Ko Unke account mein transfer karein ya cash mein monthly rent amount dekar receipt le lein direct??
plz answer below questions- 1-HRA includes maintenance also which we pay along with rent? 2-Me and my husband is in same office can we both claim HRA on full rent i.e 30K or we need to split rent for HRA deductions.
1. Expenses in relation to maintenance nature can’t be claimed. 2. No, you both can’t take the full benefit twice. Just split it based on rent paid by each person. Further I will suggest full benefit shall be taken by one whose total income is higher.
What is definition of different city here‽(considering distance , district?), for example if person is traveling 20+ km and changing his district for work then how to consider HRA?
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Sir, muze salary me HRA milta hai but muze wo claim nai karna , so jo bhi amount aaega after this calculation wo taxable income se minus hoga ? Ya 00 hoga ? Explain Krna
hello Sir, I wanted to know in 2024, can we claim HRA for rent paid to wife if that flat is registered by wife's name ?
Thank you sir. Woh dearness allowance ke vajese confuse tha me....i am private salaried employee, now everything is clear....it will be 50% of basic components.
AAPNE BAHUT HI SUNDER SAMJHAYA.
AAPKO MERA AASHIRWAD.
KEM SAMAY ME JADA KNOWLEDGE MILI.
I AM 70 YEARS OLD.
THANKS
Dhanywaad :)
Successful teachers have clear objectives🏆
Great Calculation You should be a #Teacher the Way you Explain 💡
Thanks for appreciation :)
@@AssetYogi You are a very good teacher Masha Allah
You have very good professional approach but I don’t understand why people don’t like ur videos.
Keep sharing good knowledge.
Guys like his videos. Thanks
Thank you very much Mukul Ji....ye video dekhne ke baad mujhe bhi HRA ITR is knowledge ho gayi..Jo ki Kai dino se ek confusion bana hua tha. Please keep uploading such great knowledge always.
Thanks for appreciation :)
You are owsome sir. You explain so simply and normally without backwash... that I am now fan of you. So helpful video.
Thanks and welcome
@@AssetYogi Sir, I used to fiel ITR-1 but for next fiscal year 2023-24 (Assessment Year 2024-25) I need to file ITR 3 as I have started Intraday trading from June 2023. Please make a video on how to file ITR-3 as it is a little complicated
Sir you are great whenever I have any confusion related to Finance, I see your Vid.
Glad to hear that
Who says superhero wares cape sometimes they make a video like this
Thanks man very helpful
Thanks Wasim :)
Great Clarity in the subject covered, minor issues & minute details covered.
Great service to humanity . Sir.
May God Bless your family, Children & your Team..Keep up the Good Work
Thankyou..Sir.
Most welcome sir.
Simply explained HRA deduction. It will be useful.
Keep learning.
aapka information bahut achha hai..
sir, parents ka rent income show krne ke liye kon sa ITR form fill krte hai ..?
Please discuss this point it's mention in the act:
In case you own any residential property at any place, for which your Income from house property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.
Yogi Ji - Is HRA calculated on monthly basis or annual basis? Let's say my annual HRA is 1,20,000 and my Rent is 20,000 per month, but I stayed on rent for only 6 months.If my HRA is calculated monthly, I get only 60,000 exemption (10,000 for 6 months I stayed on rent). If calculated yearly, I get whole 1,20,000 exemption. I know I didn't consider -10% Basic, but this is just simplified scenario to explain the question.
I have seen your many videos all are best.
Piyush
Thank you Piyush
Mukul sir bahot dino bad aaye
Verry nolejfull video
Dhanywaad :)
awesome explanation bhai... Your channel is the best out there...
Thanks for appreciation 😊
Thank u...it was very clear and useful ......🙌
You are welcome 😊
Jai hind everyone 🇮🇳🇮🇳🇮🇳🇮🇳💂
Thanks sir.
AJ bhut sikhne ko mila Jo ki malum he nhi tha
Dhanywaad
Sir can you please provide the notes (word file) too..becoze we watch video and understand but forgot some tym later, and if try to write it down in takes too much time, 10 min video have too much content to write, so if you can provide the word file too that will be food full for us in a much effective manner also.
In the end sir you are doing great job good amount of knowledge you are providing to all of us.
1 like 1 comment
Nice video 1m target
Keep support :)
you are amazing Sir, you explain tough topics in easy words.
Thanks a ton
Very good aise he example kai sath Army kai allowance ke deduction ka video banana. Thanks
Mukul sir
You are great
Best guidance
God is Always with you.
Thanks
Piyush
Sir u explained in easy language thanku sir
Thanks.
Thanks for informative video n very clear n nice explanation .
Thanks for appreciation 😊
I'm living in my mother's house for last 10 months....can i pay the rent of 10 months all together in single transaction to my mothers account??
7:55 you said no tax will be calculated if the salary is under or equal to 5lakh...so the person whose salary is let's say 4 lakhs per anum and they will have the HRA in their salary component, So will they be taxed on the given HRA for their salary ?
Very very useful information. Thanks🌹
ZERODHA & 5PAISA pr se online trading pr bhi video banaiya ... ( stocks buying aur selling kaise kare ispar )
Thanks for the information. Have 1 query related to Home loan & HRA, can i claim HRA if i am staying in my own house & paying per month emi for that home loan in same CITY . Please suggest.
Can we transfer the rent amount to our parents yearly, instead of monthly?
Brilliant Video Sir, God bless you
Thank you so much
Rent receipt format n important point regarding this rent receipt?
Very helpful video sir,i have 1 question plz reply i haven't any monthly payment by online,can i pay quarterly or halfyearly of parents rent payment.?
Very Helpful content 🙌
Glad to hear that!
Best explanation
Thanks for liking
मस्त भाई मुकुल,,,गांव से कमेंट
Sir salute to you , bas ek question kya father or mother dono allowed hai rent ya only mother ke nam pe rent de sakte hai to get exempt
Thanks you sir, aap ne achha information diya hai
Achcha laga sun ke :)
Great job or Explain Analysis all method Exllent..... Nice Work sir jiiii ♥ full respect
Thanks for appreciation Parvesh :)
Hello sir
Pradhan mantri awas yojan kya hai or uske under delhi ncr m flat kaise kharide , us par bhi 1 video banaiye please sir.
Sir plz plz.plz m ur big fan..u never answered my query..sir Capital gain pe plz ek video banaiye..actually muje last year long term capital loss hua tha..usko me is sal ke short term capital gain ke sath set off kar sakta hu?ispe ek detailed video banaoge bahot maherbani hogi..
Your channel is great and please create the video how to calculate post office RD interest.
Sir,, you are a great,,, Superb sir
Thanks for appreciation 😊
sir rent m electricty bill bhi add kr skte h kya
No
Sir HRA ke through tax deduction 80c ke ki limit ke andr hi count hota h?
For section 80GG you have to get prior permission form AO as mentioned in income tax rules but havent explained
Sir, unfurnished rent free Govt. Accommodation ka lisence fee Salary se kata hai to ushe Income tax mai kaise deduction kare ?
Please upload video on salary components and perks(taxable,partially taxable)
Sir ji last year K HRA K arries Mila Ho to uska vi claim kar sakte h kya
sir ji kya HRA family income main count hota hai kya......mujhe ews certificate banwana tha isiye puch raha hun
Yes, its your income if you receive from employer as salary
Thanks sir.... waiting for Home loan interest video
Sir, Instead of rent receipt can we submit rent agreement ?
Yea you can.
Can I show rent paid to grandparents for hra exception...??
Thanks for clarifying doubts on HRA tax implications. Can you share a video on Tax liabilities for NRIs?
If the employer is providing the lease amount for house rent then will I would be able to claim HRA in ITR??
If your employer has provided a house then you can claim deduction under Rent Free accommodation
Please tell
1.Is rent can be taken into deduction if parents are dependent to salaried employee.
2. What is perquisite and how it is related to HRA or taxable income.
how can I claim rebate for amount received for books and periodical in IR Returns.
Sir many time I requested please make a video on MBS AND ABS as the way you explain us is very simple..we can find many explaination on this topic. But as you are giving simple example.so that's why I requested you. Please make a video
Very helpful video sir
Thanks 😊
Can you please explain what you mean when you say rent receipt?
Nicely explained! Thanks Malik ji.
Is this HRA calculation for salaried also applicable for 2020-21?
Can we claim rent of parent house and rented house and house loan?
Very nice one
Thanks
Very good Annaliese
Thanks 😊
Is agreement paper considered for deduction of rent?
What about form 10 BA ? when to fill this form?
Can u say about stipend is it under taxable income or not???
Yes. It is treated like salary.
Xcellent👌
Thanks a lot
Wow.... supremely helpful...you made my day
Glad to hear that Swapnajit :)
What in case of under construction property? Can we claim intrest?
The income tax act allows claiming pre-construction interest only after the construction is completed in 5 equal installments. Also, only the interest components can be claimed as a deduction on completion of construction.
sir nice vdo , some one who was tenant 8 years back, can he/she take that benefit now or that is not allowed now..pls revert sir..
In case of deduction of HRA from income tax, suppose I am renting house from mid year.For example, if I have paid rent for 6 months from Oct-March. In that case, will the calculation be based on the salary of the 6 months of Oct-March, or, will the calculation be based on the salary of the entire 12 Months? Please tell me. 🙏
Sir rent paid of depends parents can claim HRA exemption
Sir,I dont have HRA rent receipt and Rent agreement ,but I am paying rent and also getting the HRA from my employer.Can I claim HRA and under which section?3000 × 12 under which section
From where do you take 20000 basic?? Please explain
Sir HRA deduction ke liye kya document dena padega?? For IT file
Yes (if asked).
Thanks, for this Knowledge📚
My pleasure
U r the best
Thanks
Hi Mukul ji, i am salaried employee, what to do if the (actual rent - 10%BS) is coming as negative amount (-126450), in this case minimum is this itself then does it mean that I have to pay tax on that negative amount. or should i not submit any monthly receipt and rental agreement because other 2 options are by default higher. Please suggest.
Beautifully Explained
Bhai great explanation.. tds kitne payment se upr katna h agr mother ko payment kr rhe h from FY 2019-20.. for government employees
Should not be deductible till 50,000, if exceeds more than that, should be deductible U/S 194IB @5%
Thanks Sir..very nice ..
Thanks for great explanation.
Glad it was helpful!
do i need to submit any proof of paid rent while claiming hra deduction in itr filing?
Yes.
@@AssetYogi sir where is the upload option
Monthly option ke alawa agar quarterly ya yearly rent amount Parents Ko Unke account mein transfer karein ya cash mein monthly rent amount dekar receipt le lein direct??
can you please share some thoughts on tax saving using reimbuirsements components in salary slip?
Sir, please capital gain and PGBP k upar v videos digiye ....
plz answer below questions-
1-HRA includes maintenance also which we pay along with rent?
2-Me and my husband is in same office can we both claim HRA on full rent i.e 30K or we need to split rent for HRA deductions.
1. Expenses in relation to maintenance nature can’t be claimed.
2. No, you both can’t take the full benefit twice. Just split it based on rent paid by each person.
Further I will suggest full benefit shall be taken by one whose total income is higher.
Sir agar landlord receipt nahi deta he tab kya kare
Sir please explain
Interest claim for under construction House
Watch this: ua-cam.com/video/SG3BM6iV4jI/v-deo.html
Thank you sir.
Most welcome
Sir, jab mere name per koi property ha tab me hra claim kar sakta hu ya nahi
actual HRA ko per month ka lena hai kya sir ya pure year ka lena hai
Full year
What is definition of different city here‽(considering distance , district?), for example if person is traveling 20+ km and changing his district for work then how to consider HRA?
Mumbai, Calcutta, Delhi or Chennai, or 40% if you reside in other cities.
IF 3rd point negative ...then should i do.?
Please tell if the value of 3rd point comes zero or negative then it means we cannot take the benefit of HRA.
Thanks Sir
Plzz make Video on Sovereign Gold Bonds
Sir ek govt employee ko quarter provide huahe kya bo HRA claim kar sakta hai???????????