Exemption on hra

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39 Points Posted on 26 February 2020
What is the duration of exemption of hra in a financial year, when it starts from 1st April or 1st March
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On 26 February 2020 at 21:17 Report
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Quick Summary
The exemption for House Rent Allowance (HRA) is applicable for the entire financial year, running from April 1st to March 31st. To accurately calculate your HRA exemption, it's best to consider it on a monthly basis. This accounts for potential variations in salary, such as increments or loss of pay, as well as any changes in rent paid throughout the year.

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CFO- at NHTF
58280 Points Posted on 26 February 2020
Same as that of FY.

1st April..
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On 26 February 2020 at 21:26
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Manger Accounts & Finance
363 Points Posted on 26 February 2020
HRÀ can avail for Financial Year i.e. 1st April to 31st March.

Calculate on rent paid & HRÀ received monthly basis
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On 26 February 2020 at 21:35
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CFO- at NHTF
58280 Points Posted on 26 February 2020
Hmm.Monthly basis calculation give the accurate figure since there may be chance of variation in salary like increment,Loss of pay and increment in rent etc
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On 26 February 2020 at 21:41

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