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HRA CAlculation for Tax benifit

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(Querist)
03 April 2010 Dear Sir,

Plz give the calculation for exemption for Metro and Non Metro Cities.

Thanks & Regards,
Raghav
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Rahul Gupta

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Rahul Gupta (Expert)
03 April 2010 HRA is exempted to the minimum of the following amount >
1. The actual Rent Paid
2. Excess of Rent paid over 10% of Basic salary.
3. 50% of Basic Salary for Metro Cities. In case of non metro cities 40% of basic salary.
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kartik_somu

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kartik_somu (Expert)
04 April 2010 agree with experts
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 April 2010 agreed
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
04 April 2010 Agreed
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
05 April 2010 agreed

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