18 June 2013
In case you are receving HRA from your employer you can calculate the HRA exemption u/s.10(13A)
Limit is least of the below Actual HRA received 50 percent of basic salary (for metro 10% for non metro cities) Excess of rent paid over 10 percent of salary.
If you are not receiving any HRA from your employer or self employed you can claim Deduction u/s.80GG for rent paid by you
80GG limits
Least of the below
Rs.2500 per month 25% of total income Actual rent paid less 10% of total income