Hi frnds, my basic salary is 490756 and HRA is 754353. Shall I declare 25 per month for house rent? Is there any problem. I'm staying with my parents.

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Posting as :
works at
You are currently posting as works at

a) Make sure there's a record of you paying the rent to your parents.
b) It needs to be declared as income in your parents ITR.

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Relevance Lab is correct.

No , on rental income there is a deduction of 30 percent which will make their income less than 2.5lpa , so u dnt have to pay any tax.

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