HRA CALCULATION FOR GOVERNMENT EMPLOYEES
This query is : Resolved
30 July 2022
Dear All
Please provide HRA exemption calculation for GOVT employees
Please provide HRA exemption calculation for GOVT employees
30 July 2022
For all the employees getting HRA the exemption for HRA benefit is the minimum of:
1. The total amount of HRA received
2. 50 percent of salary (Basic salary + Dearness Allowance) if living in metro cities or 40 percent for non-metro cities
3. Excess of rent paid annually over 10% of annual salary (Basic salary + DA)
Or you can use the calculator online as::
https://incometaxindia.gov.in/Pages/tools/house-rent-allowance-calculator.aspx
1. The total amount of HRA received
2. 50 percent of salary (Basic salary + Dearness Allowance) if living in metro cities or 40 percent for non-metro cities
3. Excess of rent paid annually over 10% of annual salary (Basic salary + DA)
Or you can use the calculator online as::
https://incometaxindia.gov.in/Pages/tools/house-rent-allowance-calculator.aspx
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