saurabh kumar
(Tax Consultant)
(348 Points)
Replied 08 August 2016
In case of HRA, exemption would be least of the the following
actual HRA Received rent paid in excess of 10% of Salary(salary includes basic+D.A+Fixed commission if any) 40%(in any other city)/50% salary (in Delhi/Kolkata/Mumbai/Chennai) You can calculate yourself and know whether your employer has done right or not?If any difference you can claim it through a new form 12BB
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Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 13 October 2016
You can calculate your HRA exemption at below link. Very easy to calculate. No need to do any manual calculation.
https://indiaitr.com/useful-calculators/hra-calculator/
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