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Hra calculation

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2012 how to calculate
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Mihir Doshi

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Mihir Doshi (Expert)
26 April 2012
HRA exemption should be calculated as the least of the following.
1. Rent paid in excess of 10% of basic salary.
2. Actual HRA received by the employee.
3. Forty percent of basic salary, if the location of the residence is in a non-metro city/town or 50% of basic salary, if the location of the residence is in a metro city
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
26 April 2012 exact reply

you can also take help from below link files

https://www.caclubindia.com/share_files/files_download.asp?files_id=36178

https://www.caclubindia.com/share_files/files_download.asp?files_id=37432
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