Exemption of HRA

August 1st, 2009  |  by  |  published in Featured, Income Tax

Exemption of HRA

The amount of House Rent allowance, which is to be treated as ‘exempt’ from income tax has to be taken as the least of the following amounts:- Actual HRA Received, or Rent paid in excess of 10 of salary, or 50% of salary if the employee is in Chennai/Mumbai/Kolkatta/Delhi and 40% of salary if the […]


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