House rent allowance

WHEN WE CALCULATED EXEMPT AMOUNT FROM HOUSE RENT ALLOWANCE ,

THE EXEMPT AMOUNT IS MINIMUM IN FLOWING

1 50 % OF SALARY IN METRO CITIES, AND IN OTHER 40 %

2  HRA RECIEVED BY EMPLOYEE IN RESPECT OF PERIOD FOR WHICH RENTAL ACCOMMODATION IS OCCUPIED.

3 THE EXCESS OF RENT PAID OVER 10% OF SALARY

 I AM NOT CLEAR ON THIS POINT  THE SALARY WORD INCLUDE EXTRA, OVERTIME AND ALLOWANCE OR NOT

FOR EXAMPLE

A , PAID RENT FOR PERIOD F.Y 2012-13 RS. 96000/- (8000*12), 

AND HE EARN  BASIC SALARY  RS. 240000, HRA RS. 120000/- CONVEYANCE RS. 6000/- TOTAL SALARY RS. 366000/-

 HOW MUCH AMOUNT WILL BE EXEMPT

PLEASE CLEAR THIS DOUBT