This Slide will provide you clear insight about the Calculation of HRA Exemption.HRA is an allowance which an employee receives from his employer to meet his expenditure on Rented Accomodation.

1. WHAT
IS HRA
HOW TO
CALCULATE
HRA
EXEMPTION
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2. WHAT IS HRA
HRA MEANS HOUSE RENT
ALLOWANCE GIVEN BY AN
EMPLOYER TO AN EMPLOYEE TO
MEET ITS EXPENDITURE
TOWARDS RENTAL
ACCOMODATION.
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3. HOW TO CALCULATE HRA
EXEMPTION ( SECTION 10
(13A) AND RULE 2A
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4. LEAST OF THE FOLLOWING THREE
IS EXEMPT UNDER INCOME TAX
ACTUAL HRA RECEIVED
RENT PAID-10% OF SALARY
50% OF SALARY (IN CASE OF METRO CITIES)
OTHER WISE 40% OF SALARY
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5. MEANING OF SALARY
HERE SALARY MEANS
BASIC SALARY
+DEARNESS ALLOWANCE IF IN THE TERMS
OF EMPLOYMENT
+%COMMISSION ON SALES
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6. THANKS
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Shared by: CA Sumit Lodha