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Any limit

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Guest

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Guest (Querist)
25 February 2012 gud afternoon sir ,
can any tell me that in hra how much amt of rent i can show in my return. supoose i am paid monthly above 10 thousand . than what is the limit.
plz clear
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 February 2012 Claim actual rent paid only. HRA exemption calculation

1. Actual HRA
2. 40% of Salary (50% incase of metro)
3.Rent Paid Less 10%salary

least of the above will be exempted balance is taxable

Salary is Basic plus DA

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