Calculation and Taxability of House Rent Allowance (HRA). Today we are Providing a Premium guide on Calculation and Taxability of House Rent Allowence (HRA). Now you can Find Best Notes For Calculation of House Rent Allowance. House Rent Allowance [Section 10(13A) & Rule 2A] Calculation and Tax Liability. How To Compute House Rent Allowance. We are Providing Full Computation for Calculation of House Rent Allowance. Now you can scroll down below and check complete details regarding "Calculation and Taxability of House Rent Allowance (HRA)"Recommended Articles
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Calculation and Taxability of House Rent Allowance (HRA)
Exemption of H.R.A.House rent allowance is exempt under section 10(13A) read with rule 2A, to the extent of the minimum of The following three amounts:
- Basic Salary
- Dearness Allowance (if forming part of retirement benefits)
- % based commission on turnover.
Meaning of H.R.A.:-If any allowance is given for House rent than it is called H.R.A.
|A||Actual H.R.A. received||******|
|B||Rent Paid – 10% of Salary||******|
|C||40% and 50% of Salary||******|
|Which ever is less||******|