How To Calculate The Hra On Wages - CiteHR
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hi all, i would be highly grateful if any one can help me to calculate the hra on the percentage of basic salary. is there any standard formula for doing so. thank you
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Ok.. First of all HRA is calculate on Basic + DA amount of wages and it is 40 % for Non-Metro cities and 50 % for Metro Cities.
and after that for the purpose of Tax Exemption, there are certain rules of HRA..
if you need tell me. .
Thanks & Regards,
Nitesh Barman..
Look at my blog where i have explained in detail about HRA calculation. I have also explained the effect of it on Income tax. search in google 'Indian salary slip simplefied' find my blog
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