sir, basic 728000 Hra received 327000 how much I can claim maximum?
any restrictions for claim amount maximum?
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Quick Summary
This discussion clarifies how to calculate the maximum House Rent Allowance (HRA) claim. The exemption is determined by the lowest of three factors: 40% or 50% of basic salary (depending on city), the actual rent paid minus 10% of basic salary, or the actual rent paid. To accurately calculate this, you'll need to know the amount of rent paid and the city where the house is located.