30 July 2022
For all the employees getting HRA the exemption for HRA benefit is the minimum of:
1. The total amount of HRA received 2. 50 percent of salary (Basic salary + Dearness Allowance) if living in metro cities or 40 percent for non-metro cities 3. Excess of rent paid annually over 10% of annual salary (Basic salary + DA)
Or you can use the calculator online as:: https://incometaxindia.gov.in/Pages/tools/house-rent-allowance-calculator.aspx
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