Hose rent allowance exemption

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2017 My total salary received during the financial year 2015-16 was Rs. 12,76,000/- (including House Rent Allowance of Rs.2,35,000/-). I had paid Rs.99,000/- as house rent to my landlord during the year. I am residing and doing job in Noida, UP. How much exemption I can get against House Rent Allowance ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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27 January 2017 In order to find out we require Basic salary, you Will get exemption

Actual HRA Received
Rent Paid in excess of 10% of(Basic) Salary
40% of Salary for non-metropolitan & 50% for metropolitan city

Querist : Anonymous

Querist : Anonymous (Querist)

28 January 2017 Basic Salary was Rs. 5,55,000/-

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