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Deduction of HRA

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 January 2010 What is the latest postion on deduction available under House rent allowance
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CA Pramod Jain

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CA Pramod Jain (Expert)
28 January 2010 no change from last yr
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 January 2010 Exemption least of the below

1.Actual HRA
2.40% of Basic Salary (50 % incase metros)
3.Actual rent paid - 10 % Basic
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