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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
From India, Mumbai
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..

From India, Jaipur
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
From Germany, Mühlhausen
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