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HRA calculation

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accountant
41 Points Posted on 26 January 2019
respected sirs,
I have question on calculation of HRA..
question:
basic pay 40000
HRA. 30000(rent receipt submitted of 18000 and he lives in Delhi)
variable pay 30000
how to determind and calculate HRA
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On 26 January 2019 at 16:07 Report
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Article
126 Points Posted on 26 January 2019

HRA will be least of the following.

  • Amount received as HRA from employer = Rs. 30,000 X 12(months) = Rs. 3,60,000
  • Actual rent paid less 10% of basic = (Rs. 18,000 X 12) – Rs. 48,000 = Rs. 1,68,000
  • 50% of basic salary since he lives in a metro = Rs. 2,40,000

Hence, HRA Exemption will be 1,68,000

1 Reply
On 26 January 2019 at 16:55


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