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HRA

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(Querist)
25 March 2010 Dear all,
Please tell me the rules/exemptions of HRA for govt.bank employees working in hyderabad.
Thanks
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Rahul Gupta

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Rahul Gupta (Expert)
25 March 2010 HRA is calculated on Basic Pay +DA . The least of the following amount is avaialable as exemption :-

1. 40% (for Hyderabad) of Basic.
2. Actual rent paid - 10 % of basic
3. HRA (As per Appointment letter)

Also, you are required to submit the rent recipts to your employer for claiming exemption for HRA.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
25 March 2010 Agree with expert
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Shashwat Chheda

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Shashwat Chheda (Expert)
25 March 2010 Also, you can't get exemption,

1) if you own any house in Hyderabad,
2) You are actually not paying any rent.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 March 2010 agree with expert
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
25 March 2010 Agreed...
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MADHU SUDHAN K

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MADHU SUDHAN K (Querist)
26 March 2010 Thanks to all

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