HRA

This query is : Resolved 

25 March 2010 Dear all,
Please tell me the rules/exemptions of HRA for govt.bank employees working in hyderabad.
Thanks

25 March 2010 HRA is calculated on Basic Pay +DA . The least of the following amount is avaialable as exemption :-

1. 40% (for Hyderabad) of Basic.
2. Actual rent paid - 10 % of basic
3. HRA (As per Appointment letter)

Also, you are required to submit the rent recipts to your employer for claiming exemption for HRA.

25 March 2010 Agree with expert

25 March 2010 Also, you can't get exemption,

1) if you own any house in Hyderabad,
2) You are actually not paying any rent.

25 March 2010 agree with expert

25 March 2010 Agreed...

26 March 2010 Thanks to all


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