How do you calculate annual rent?

I have recieved HRA from org but have not paid any rent . How to calculate my HRA eemption?

  • I have recieved HRA from Org but have not paid any rent. Then how i will calculate my HRA exemption. MY Basic+DA is 112500+63000 Rs

  • Answer:

    1. You can claim HRA deduction if you fulfill these three conditions: * You have an HRA allowance as part of your salary package. * You are staying in a rented accommodation and paying rent for it. * The rent exceeds 10% of your salary.

Mandeep Dhami at Yahoo! Answers Visit the source

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Your HRA exemption will be NIL if u are not paying any rent. You can avail Exemption of HRA as per minimum of the following : - a 50% OF BASIC (FOR METRO OTHERWISE 40%) b ACTUAL HRA RECEIVED c RENT AXCEEDS 10% OF BASIC

Lalit Joshi

if you have not paid any rent, then you can not claim any HRA deduction from your salary.

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