Dear Friends,
I have doubt in HRA calculation of metro city "Hyderabad", earlier Hyderabad is common city and calculated HRA 40% on Basic (3rd slab) but it is converted to metro city from few months back, HRA for metro cities 50% on basic, that's reason which rate to calculate of HRA and any circular from income tax department for this change, How to break the year? (mean 5 months 40% and another 7 months 50% of basic), please suggest me for this change, am looking information for calculation of HRA of our organization, please mail your advice for this query to kmoindn @ gmail.com thanks
CAclubindia
