Calculation Of House Rent Allowance (HRA) u/s 10(13A)

Method of Computation of Exemption Amount 

Ø  50%(Metro City) or 40%(Non Metro City) of Salary

Ø  Actual Rent Received

Ø  Rent Paid - 10% of Salary

(Rent Paid in excess of 10% of salary)

The Least of the above is Exempt

Salary Means - Basic Salary, Dearness Allowance(DA), Dearness Pay(DP) & Percentage Commission on Turnover