Chandak says, "When an employee submits fake bills of reimbursements to the employer to claim exemptions to lower the tax liability, then this amounts to a case of misreporting income to lower the tax liability. In such a case the assessing officer may start a scrutiny case against the individual and then it is up to the taxpayer to prove that Date for Filing the ITR and Claiming the HRA Tax Exemption. For all those who are salaried individuals who want to claim the HRA tax exemptions, the last date for ITR filing and submitting the ITR (Income Tax Returns) is July 31 of a given financial year. For the self-employed, that last date is; The balance or the additional amount may still be disclosed in the income tax return (ITR) to claim tax benefit on it. All is not lost Now, even if TDS gets deducted, you can still get a refund by disclosing the investments, expenses and other deductions while filing your ITR anytime between April 1, 2021 and July 31, 2021, which is usually the Filing of ITR becomes effortless for salaried people if they have received Form 16. Step 4: Claim HRA and other exemptions. House Rent Allowance (HRA) can be claimed if it is received as a The HRA exemption which a salaried individual is is eligible to receive is the lowest of the following amounts: 1. Actual HRA received. 2. 50% of (basic salary + DA) for those living in metro cities (40% for non-metros) 3. Actual rent paid minus 10% of (basic salary + DA) After calculating the HRA exemption, taxpayers can claim it while filing ITR. Sahay should start by opting for the NPS benefit offered by her company. Under Sec 80CCD (2), up to 10% of the basic salary put in the NPS is tax-free. If her company puts Rs.6,375 (10% of her basic pay) in the NPS every month, her annual tax will reduce by Rs.24,000. Another Rs.15,600 can be saved if she invests Rs.50,000 in the NPS on her own. To claim the HRA not accounted by the employer you can deduct the amount of HRA exemption calculated from the Gross Salary and enter it as Income from Salary. So for Example your Gross Salary from Form 16 is 5,30,000 and you have HRA exemption. So instead of shoing 5,30,000 in ITR1 fill in 4,90,000. As the income tax return filing season has started, many salaried taxpayers like the above are not sure how to calculate their tax liability for the rental income from a property purchased on a .

how to claim hra in itr