How To Calculate Hra Exemptions To Calculate Tds? - XLS Download

Dear Sir,
How to calculate HRA Exemptions to calculate TDS.
Regds
Ramdas.iyer

Dear Ramdass
HRA Exemption = Actual house rent paid-10% of excess basic salary.
Regards
Charvaka Reddy

Dear Ramdass
There are three ways to calculate the HRA :-
1. Actual HRA received
2. If you are living in metropolitan city, it should be 50% of basic, otherwise 40% of basic component of your salary
3. If you are paying rent & you have rent receipt, you should calculate "Rent paid-10% of basic"
Now, HRA Exemption = Minimum return from the above three way calculation.
I hope it will fulfill your query.
Regards,
Sanjay Gupta
9871018121

Dear Ramdas,
You can ask for a free Demo at Sensys Technologies, 022-66278601/02, they have a good payroll software which will take care every thing related to Payroll like payroll processing, PF, ESIC, MLWF, Income Tax etc. visit their website at http://www.sensysindia.com
Thanks
Rahul

least of 3 is exempted
1. Actual HRA Received
2. Rent Paid- 10% Salary*
3. 40% Or 50%** of Salary
*Salary= Basic Salary+DA(Forming part)
** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)

Dear All,
Actual HRA Received
2. Rent Paid- 10% Salary*
3. 40% Or 50%** of Salary
*Salary= Basic Salary+DA(Forming part)
** 50% for Metro City (Delhi, Mumbai, Chennai, Kolkata)
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Above all are mandatory or Depend on Company policy .

HRA:- [u/s 10(13A)]
Least of following:
(1) 10 % of Salary;
(2) Amt. Actually Received;
(3) Amt. if Accommodation situated in
(a) Mumbai, Delhi, Kolkata & Chennai = 50%;
(b) Other Case = 40%.

Dear Ramdass,
HRA Excemption = Actual House rent paid - 10% Excess Basic Salary.
metro cities HRA IS 50% OF Basic Salary
Non Metro Cities HRA IS 40% OF Basic Salary
Regards
Charvaka Reddy

Hi
Kindly use this attached Excel file for HRA exemption calculation

Hi Ramdas,
Example : HRA Recd - Rs. 100/- Rent Paid By You (livinging in Delhi)- Rs. 150/- , Basic Salary-Rs. 250/-
Least of following 3 is exempted
1. Actual HRA Recd. Rs.100/-
2. Rent Paid-10 % of SAL* (Rs. 150-10%X Rs. 250) Rs. 125/-
3. 50% of SAL* (50% X Rs. 250 ) Rs. 1250/-
Above 3 Point No. 1 Rs. 100/- is least
Taxable HRA - Actual Recd. - Exempted (100-100=0)