How much House Rent Allowance is exempt from taxes?

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    Quicko Help

    Hi Kavya,

    The lowest of the following is exempt House Rent Allowance from Income Tax:

    • Actual HRA received from an employer
    • 50% (for Metro) or 40% (for Non-Metro) of Basic Salary
    • Annual Rent Paid – 10% of Basic Salary

    You can use HRA Calculator to do the calculation for you :)

     

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