X resides at Bhopal, his basic salary is ₹4,80,000 per annum. He resided in a house owned by his father upto 30 th September, 2013 during the relevant previous year 2013-14, for which he did not pay any rent. After that,

X resides at Bhopal, his basic salary is ₹4,80,000 per annum. He resided in a house owned by his father upto 30 th September, 2013 during the relevant previous year 2013-14, for which he did not pay any rent. After that, he took a house on rent at ₹10,000 per month. The employer pays ₹5,000 per month to him as house rent allowance throughout the year. He argues that he paid the whole amount of house rent allowance (i.e.₹60,000) to the landlord as a rent i.e. ₹60,000, thus, his whole amount of allowance should be exempted from tax. State whether X is correct in his argument ?