Calculation of #HRA exemption,
Published
Calculation of #HRA exemption,
The actual exempt HRA from #tax is the lowest of the three possibilities:
Actual HRA received from employer 50 per cent of salary in case of metros or 40 per cent for of non-metros Actual rent paid minus 10 per cent of salary Other considerations with HRA If you stay in a house which belongs to your parents and you pay rent to them, then you can claim HRA. However, the income that your parents earn will need to be shown in their income tax returns.
