Whether to include hra or not

HRA is taxable under the head "Income from salary" to the extent not exempted u/s 10(13A).

The exemption of HRA u/s 10(13A) will be available up to the the minimum of the following three options:

1. Actual house rent allowance received from your employer
2. Actual house rent paid by you minus 10% of your basic salary
3. 50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro

Originally posted by : Varsha
	HRA is taxable under the head "Income from salary" to the extent not exempted u/s 10(13A). The exemption of HRA u/s 10(13A) will be available up to the the minimum of the following three options: Actual house rent allowance received from your employer Actual house rent paid by you minus 10% of your basic salary 50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro

Hi Varsha,

So it is still not clear as rite now I am leaving in non  metro city and I am living in a rented house , that is I paid monthly rent to owner of house and I also declared in my present company that monthly rent I paid .

if u declared the same to your employer ask for form 16A there you will find all the details that company has considered the same or not if not than ask compnay to consider the same and compute your tax liability accordingly