Salary
This query is : Resolved
yash kariya
(Querist)
27 September 2013
what would be the max limit of exemption in house rent allowance ?
- an simple ans would be that there is no limit.
but what is more technical ans ? something more logical to the point ?
CA Suresh Jain
(Expert)
28 September 2013
Least of the following is exempted :-
1. Actual house rent allowance received from your employer
2. Actual house rent paid by you minus 10% of your basic salary
3. 50% of your salary if you live in a metro or 40% of your basic salary if you live in a non-metro
1. Actual house rent allowance received from your employer
2. Actual house rent paid by you minus 10% of your basic salary
3. 50% of your salary if you live in a metro or 40% of your basic salary if you live in a non-metro
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