Tell me the three basic conditions to calculate HRA?

Dear All,
Can anybody pls tell me the three basic conditions to calculate HRA??
House Rent Allowance
Its urgent!!!
Gauri

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

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
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09350825655

You can check this post
https://moneyjigyasu.com/hra-exemption-rules/
It also gives link to a calculator for HRA exemption.

Can we keep HRA 20% of basic salary