04 February 2010
for deduction of HRA, you should be a salaried employee and your salary should include HRA. In addition, you should pay rent. calculation of exemption will be minimum of follows:- 1 excess of rent paid over 10 % of salary 2. 50 % of salary (in case of Delhi, Kolkata, Mumbai and Chennai) otherwise 40% 3. HRA received
Here salary means Basic+DA+ fixed percent of commission received on sale
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