Any females PPMD want to get a drink in nyc

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Has anybody recently joined UBS (Mumbai) or is planning to join. Need some suggestions, please comment or DM me mine is next week. UBS Business Solutions (India) Private Limited

Hey everyone !

Need help to understand this.

Basic: 10,00,000
HRA: 6,00,000

HRA excemption Calc:
1. Provided by Company: 6,00,000
2. 40% of Basic: 4,00,000
3. Rent - 10% of Basic: Rent- 1,00,000

For tax exception, min of these will be considered.

Ques: Can I claim my entire HRA exemption of 4,00,000 (as per option 2) by showing annual rent of 5,00,000 ?
P.S.- I am staying at home with my parents and I can transfer the rent to my parents.

Thanks in advance.


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