Dear All, Can anybody pls tell me the three basic conditions to calculate HRA?? House Rent Allowance Its urgent!!! Gauri
25th August 2007 From India, Delhi

Member Opinions In This Discussion
Gauritomar
India, Delhi
Trainer/ Od/ Hr Consultant/ Certified Coach/
Santoshkumarhr

Recruitment, Sap
Richrachna
India, Hyderabad
Gamut Hr

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
25th August 2007 From India, Hyderabad
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
25th August 2007
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