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I badly need advice on the calculation of my HRA. Below are the components of my salary besides my PF and PT. Please advise which components I should 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 from the remaining components which I should consider for the computation of HRA.

From United States, New York
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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
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HI, You should take only Basic for computation of HRA as per Income Tax Act rgds vishwanath
From India, Bangalore
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