Can I know the HRA exemption for FY 2011-12 under IT act.
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HRA EXEMPTION 2011-12
Replies (1)
HRA exemption u/s 10(13A) has not been changed for FY 11-12 It is least of the following:
a) HRA received or
b)Rent paid in excess of 10% of salary or
c)50% of salary in case of metro cities and 40% of salary in case of non metro cities.
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