Exemption on hra - individual

HRA is calculated on basic salary. If the basic salary is received in full then accordingly the calculation will be made for HRA. The exemption of HRA will be available up to the the minimum of the following three options:

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 basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro

for 25 days as HRA received there in rule.