House rent allowance
This query is : Resolved
15 November 2011
Is there any limit to HRA in salary? Is HRA restricted to certain percentage of basic salary ?
15 November 2011
YOU CAN COMPUTE YOUR HRA EXEMPTION FROM SALARY AS FOLLOWINGS MANNER.
@ 50% OF BASIC SALARY (40% IN THE CASE OF OTHER THAN METRO CITIES)
@ACTUAL HRA RECEIVED.LESS 10% OF BASIC SALARY.
@ ACTUAL RENT PAID.
WHICH EVER IS LOWER IS YOUR HRA EXEMPTION.
IF YOU ARE LEAVING IN YOUR HOUSE THAN HRA EXMPTION WILL NOT AVAIL.
@ 50% OF BASIC SALARY (40% IN THE CASE OF OTHER THAN METRO CITIES)
@ACTUAL HRA RECEIVED.LESS 10% OF BASIC SALARY.
@ ACTUAL RENT PAID.
WHICH EVER IS LOWER IS YOUR HRA EXEMPTION.
IF YOU ARE LEAVING IN YOUR HOUSE THAN HRA EXMPTION WILL NOT AVAIL.
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