Hi
Salary 350000 pa. 5% tax slab. 5000 IT payae plus 4% cess on it gives 5200 tax payable on salary. HRA exempt for non metro rent is 30000 pa and east of the three is 1333 per month.
Can I take this hra exempt amount from income tax payable amount? 5200-1333= 3866 tax payable?
Txd