+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
I badly need advise on calculation of my HRA. Below are the components of my salary besides my PF and PT. Please advise which components should I consider for the computation of HRA.
BASIC
HRA
CONVEYANCE ALLOWANCE
MOBILE ALLOWANCE
GRADE ALLOWANCE
SPECIAL ALLOWANCE
LOCAL CONVEYANCE
OTHER ALLOWANCE
HARDSHIP ALLOWANCE
Since I have no dearness allowance as listed in my salary breakup and I live in Mumbai, I want to know that from the remaining components which should I consider for the computation of HRA.

From United States, New York
I think it is only Basic that you have to consider.. As mumbai is one of Metros so the Rule is that.. HRA should be 50% of basic wages... Hope it will help you.. Yogendra.
From India, Pune
HI, You should take only Basic for computation of HRA as per Income Tax Act rgds vishwanath
From India, Bangalore
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™