Discover and read the best of Twitter Threads about #houserentallowance
Most recents (1)
House rent allowance.
If I had a penny for every time I was asked about HRA, I probably wouldn't be making this thread :p
A master thread on HRA deduction
#taxsaving #incometax
1/n
If I had a penny for every time I was asked about HRA, I probably wouldn't be making this thread :p
A master thread on HRA deduction
#taxsaving #incometax
1/n
House Rent Allowance (HRA) granted to an employee is exempt to the extent of least of the following:
•HRA actually received
•Rent paid (-) 10% of salary for the relevant period
•50%/ 40%* of salary for the relevant period
2/n
•HRA actually received
•Rent paid (-) 10% of salary for the relevant period
•50%/ 40%* of salary for the relevant period
2/n
*50% in case of Metro Cities (Delhi, Mumbai, Kolkata, Chennai),
40% in case of other cities
Note: Bangalore counts in other cities, before you ask.
3/n
40% in case of other cities
Note: Bangalore counts in other cities, before you ask.
3/n
