INCOME TAX

HRA can never be more than Basic Salary.

no h.r.a cannot be more than basic salary

as h.r.a is hose rent allowance which is given to employee of a company

and is deducted in sec10(13A) read with rule 2A

EXMPT LEAST OF THE FOLLING:-

40% OR 50% OF G.D( I F EMPLOYEE FROM MUMBAI,DELHI,CHENNAI AND KOLKATA)

A CTUAL HRA

RENT PAID - 10% OF G.D

G.D HERE MEANS

BS + DA( FORMING PART OF SALARY)