Hra calculations

basic salary 52000
hra 4040
how much hra he can claim plz help
Replies (2)
Quick Summary
This discussion clarifies how to calculate the House Rent Allowance (HRA) you can claim for tax exemption. The deductible amount is the lowest of three figures: the actual HRA received, a percentage of your salary (50% for metro cities, 40% for others), or the rent you've paid annually exceeding 10% of your salary. To determine the exact claim, you'll need to know your basic salary, the HRA provided by your employer, the city you live in, and the rent you actually pay.

Which city how much rent he paid
The lowest of the following provision will be your hra
1. actually hra received from employer
2. 50% of salary if lives in metro cities or40%for other cities
3.excess rent paid annually over 10% of the annual salary

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