Hra calculation

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Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2012 how to calculate

Mihir Doshi

Mihir Doshi (Expert)
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26 April 2012
HRA exemption should be calculated as the least of the following.
1. Rent paid in excess of 10% of basic salary.
2. Actual HRA received by the employee.
3. Forty percent of basic salary, if the location of the residence is in a non-metro city/town or 50% of basic salary, if the location of the residence is in a metro city

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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26 April 2012 exact reply

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