Hra exemption calculation on my salary income
This query is : Resolved
29 September 2018
i am a employee in pvt sector of tata groups with basic salary of 21503/= per month. I get 50% of basic salary as HRA from employer every month. I live in rental house and pay rs. 8,000/= p.m. to landlord as monthly rent. How much i will get tax exemption against rent paid to landlord for a financial year if i produce proper rent receipts along with PAN details of landlord. thanks.
01 October 2018
Rent paid in excess of 10 % of salary
02 October 2018
As per your details you received HRA Rs. 10752/- per month(i.e.50% of Basic salary) in this case Your HRA will exempt Rs.5850/- per month (If you in Metro City) .
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