Hra on salary for bangalore
This query is : Resolved
14 November 2013
dear experts Bangalore is the metro city so HRA for salary calculation taken 50% or 40%
anybody explain thanks in advance
CMA Ramesh Krishnan
(Expert)
14 November 2013
Bangalore is not metro category under Income tax. so only 40% can be considered for HRA exemption calculation
Nikhil Kaushik
(Expert)
14 November 2013
agreed with Ramesh Ji.
CA BHARATH KUMAR
(Expert)
15 November 2013
40 % applicable
Azmathullah Khan
(Expert)
15 November 2013
According to income tax, Chennai, Mumbai, Delhi & culcutta are metro cities. only to those cities 50% HRA applicable remaining cities HRA shoyld be 40%
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