About the hra
Dhananjay (manager) (33 Points)
19 February 2014
nikhil
(ca final)
(233 Points)
Replied 19 February 2014
assesse can claim hra deduction lower of followin amts...
- amt of hra received
- excess rent paid of 10% salary
- 40% of salary (50% in metro cities)
thus u can claim exemption of hra of rs 15424.00 only. and no rent amount can be reduced from salary.