Hra
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2011
if salary is 300000 pa what is the hra exemption limit or how to determine hra in any cases
26 July 2011
HRA exemption calculation is dependent on Four variable.
1) House rent allowance received
2) House rent paid
3) Salary
4) Location of the house.
calculation of HRA exemption.
least of following three will be exempted
1) HRA received
2) 50% of salary in case of residential accommodation taken on rent is situated in Bombay ,Calcutta ,Delhi, or Madras (Chennai) and 40 % of salary in in any other case.
3) Rent paid in excess of 10 % of salary
1) House rent allowance received
2) House rent paid
3) Salary
4) Location of the house.
calculation of HRA exemption.
least of following three will be exempted
1) HRA received
2) 50% of salary in case of residential accommodation taken on rent is situated in Bombay ,Calcutta ,Delhi, or Madras (Chennai) and 40 % of salary in in any other case.
3) Rent paid in excess of 10 % of salary
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