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Tuesday, 20 May 2014

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How to calculate HRA ?

Calculation of Hosue Rent Allowance Under rule of (HRA) U/s 10 (13 A) and Rule 2A.

It's formula is based on three steps :-
1). Actual HRA Paid

2). 50% or 40% (Basic + DA)
[50% for Metro-Politon Cities & 40% for Others)]

3).(Rent Paid-10% of Salary )

Then we'll consider that amount whichever is lower. for more detail, you can download the excel file :-Download Here


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