29 December 2015
I think you mean to say HRA Exemption calculation.
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period # Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period # 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
CAclubindia
