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2 February 2014

HRA Calculation

For Calculation of HRA Exemption we should take the LEAST of the following Three:

Calculation of HRA Exemption:

1.Actual Amount of HRA Received
2.Actual Rent Paid Minus (-) 10% of Basic Salary (Here Basic Salary means Basic Pay + DA)
3.40% of Basic Salary (50% of Basic Salary in Metro Cities).