How much deduction is allowed for rent paid by salaried person for AY 2019-20 ?
on salary income
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related to income tax on salary
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Not fixed , but 3 condition applied to determine HRA Exemption.
HRA EXEMPTION APPLIED
The actual HRA offered will be the lowest of the following three provisions: The amount received as the HRA from the employer. Actual rent paid less 10% of the basic salary. 50% of the basic salary if staying in a metro city and 40% in a non-metro city.
See exemptions in HRA
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