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HRA Exemption

Dear Experts

I Have googled about the HRA Exemption but was not clear  please find the  below information

the exemption of HRA will be available up to the the minimum of the following three options:

  1. 1)Actual house rent allowance received from your employer
  2. 2(Actual house rent paid by you minus 10% of your basic salary

         3)50% of your basic salary if you live in a metro or 40% of your basic salary if you live in a non-metro

i was not clear could some one though a light with example

Regards

Giri

Former Member
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