Rent paid by employer
I pay a rent of total rent of Rs 15000 pm out of which Rs 11000 is borne by Principal and Rs 4000 is borne by me. How to calculate HRA Exemption. What is the impact on my tax .Can i claim deduction u/s 80GG
You are receiving the prequisites from employer. You have to calculate value of prequisit based on rules.
The valuation will be minimum of these:
15% of salary or Rent paid by Employer.
You can claim exemption under section 80GG.