Vishwajeet Vilas Gaikwad (22 Points)30 September 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:email@example.com voice no:9989324294)
Replied 30 September 2021
HRA exemption will be the rent paid minus 10% of the basic salary or 50% of basic salary for a metro city employee and 40% of basic salary for non-metro city or total amount received as HRA; whichever is lower of the three. ... Individuals can also claim exemptions if they are paying rent to their family members.