Calculation of HRA.. CiteHR
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Calculation of HRA

gauritomar Started The Discussion:

Dear All, Can anybody pls tell me the three basic conditions to calculate HRA?? House Rent Allowance Its urgent!!! Gauri

richrachna - Contributing Member
Hi Gouri ,

HRA is calculated on Salary (Basic +DA).For Metropoliton cities HRA is 50% of Salary and 40% for other cities.

For Eg> Basic= Rs. 5000/- pm ; DA=Not applicale - for a person working in metros
Then HRA= 50% of 5000= Rs. 2500/- per month

Similarly, if the person is working other than metro then HRA= 40% of 5000= Rs. 2000/- per month.

Hope you got ur query answered!!!

Regards,
RAchna

santoshkumarhr - Contributing Member
Dear Member,

HRA is calculated as follows:-

1. 50% (Metropolis) or 40% (Rest of cities) of Basic
2. Actual rent paid - 10 % of basic
3. HRA (As per Appointment letter)

The least of the three is taken for exemption. If you still want to clarify you can cantact me at the links / number mentioned below.

Regards,
Santosh


09350825655

pankajadv - Contributing Member
See the Calculator and method of calculation of HRA (House Rent Allowance) HRA Calculation : Calculate House Rent Allowance (HRA) Exmption ? Tax India

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