ramdas.iyer Started The Discussion:
Dear Sir, How to calculate HRA Exemptions to calculate TDS. Regds Ramdas.iyer
Posted 4th January 2010 From India, Mumbai
Dear Ramdass HRA Exemption = Actual house rent paid-10% of excess basic salary. Regards Charvaka Reddy
Posted 5th January 2010 From India, Hyderabad
Dear Ramdass

There are three ways to calculate the HRA :-
1. Actual HRA received
2. If you are living in metropolitan city, it should be 50% of basic, otherwise 40% of basic component of your salary
3. If you are paying rent & you have rent receipt, you should calculate "Rent paid-10% of basic"

Now, HRA Exemption = Minimum return from the above three way calculation.

I hope it will fulfill your query.

Regards,
Sanjay Gupta
9871018121
Posted 5th January 2010 From India, Delhi
Dear Ramdas,

You can ask for a free Demo at Sensys Technologies, 022-66278601/02, they have a good payroll software which will take care every thing related to Payroll like payroll processing, PF, ESIC, MLWF, Income Tax etc. visit their website at http://www.sensysindia.com

Thanks
Rahul
Posted 5th January 2010 From India, Mumbai
least of 3 is exempted 1. Actual HRA Received 2. Rent Paid- 10% Salary* 3. 40% Or 50%** of Salary *Salary= Basic Salary+DA(Forming part) ** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
Posted 6th January 2010 From India, Lucknow
Dear All,
Actual HRA Received
2. Rent Paid- 10% Salary*
3. 40% Or 50%** of Salary

*Salary= Basic Salary+DA(Forming part)
** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
Reply With Quote
Above all are mandatory or Depend on Company policy .
Posted 7th January 2010 From India, Bangalore
HRA:- Least of following: (1) 10 % of Salary; (2) Amt. Actually Received; (3) Amt. if Accommodation situated in (a) Mumbai, Delhi, Kolkata & Chennai = 50%; (b) Other Case = 40%.
Posted 7th January 2010 From India, Mumbai
Dear Ramdass, HRA Excemption = Actual House rent paid - 10% Excess Basic Salary. metro cities HRA IS 50% OF Basic Salary Non Metro Cities HRA IS 40% OF Basic Salary Regards Charvaka Reddy
Posted 7th January 2010 From India, Hyderabad
Hi Kindly use this attached Excel file for HRA exemption calculation
Posted 8th January 2010 From India, Mumbai
Attached Files
File Type: xls HRACALCULATION.xls (55.0 KB, 7864 views)
Hi Ramdas,

Example : HRA Recd - Rs. 100/- Rent Paid By You (livinging in Delhi)- Rs. 150/- , Basic Salary-Rs. 250/-


Least of following 3 is exempted

1. Actual HRA Recd. Rs.100/-
2. Rent Paid-10 % of SAL* (Rs. 150-10%X Rs. 250) Rs. 125/-
3. 50% of SAL* (50% X Rs. 250 ) Rs. 1250/-

Above 3 Point No. 1 Rs. 100/- is least

Taxable HRA - Actual Recd. - Exempted (100-100=0)
Posted 8th January 2010 From India, Lucknow






 
 
 
 







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