HRA calculation
This query is : Resolved
Ashiwini Ballodia
(Expert)
16 July 2017
Lower of the following will be taken:
1) HRA received from your employer
2) Actual rent paid minus 10% of salary
3) 50% of basic salary for those living in metro cities OR 40% of basic salary for those living in non-metro cities
Dhirajlal Rambhia
(Expert)
30 October 2021
https://www.maxlifeinsurance.com/blog/tax-savings/hra-calculation
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