Tax

HRA

Also known as: House Rent Allowance

House Rent Allowance - Tax-exempt salary component for employees paying house rent.

Detailed Explanation

HRA (House Rent Allowance) is a component of salary that provides tax exemption to salaried employees paying rent for accommodation. HRA exemption is the minimum of: actual HRA received, 50% of salary (metro)/40% (non-metro), or actual rent minus 10% of salary.

Related Calculators

HRA Calculator & Rent Receipt Generator

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