House Rent Allowance

Ranjeet on June 19th, 2010

One tax exemption almost everybody can avail is on House Rent Allowance (HRA) To calculate HRA exemption, use the least of the following amounts: Actual house Rent allowance received Rent paid in excess of 10% of salary 50% or 40% of salary (50% in case of Delhi, Mumbai, Kolkata & Chennai, 40% for other cities)

Continue reading about HOUSE RENT ALLOWANCE U/S 10(13A)