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Quick qstn - I'm receiving HRA of 24075 from my employer but I would like dhow the rent paid as 96k p.a (while filing ITR). Even if I do so, I was only able to get exemption of 24075 from gross. Checking if we can speak to payroll department to increase Actual HRA since I'm actually paying more rent than compared. Will I be able to do so ?Deloitte Newco EY Accenture Genpact KPMG
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Happy new year everyone👍🏼
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Who’s buying the dip today?!
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Chief
Is your 401k match capped per contribution period? Often if an employer will match 3% or 5%, that means per contribution period. IE if you dump 20% in for 3 months, and then 0% for the rest of the year, they will only match for the 3 months you contributed even though it nets out to 5% of your total year. Therefore, it’s in your best interest to ensure you don’t hit the cap until as late in the year as possible.
Conversation Starter
They do only once a year I learned. So they do lumps on for entire year, eh 6/1/2021 - 5/31/22. So it doesn’t matter if you dump in first few months or over the year actually!
Chief
That’s a very fortunate situation! Definitely not common.