House rent allowance

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mangesh dhumal

mangesh dhumal (Querist)
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15 November 2011 Is there any limit to HRA in salary? Is HRA restricted to certain percentage of basic salary ?

Rajnish Singh

Rajnish Singh (Expert)
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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.