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Search Results for: tds declaration form in word

HRA (House Rent Allowance) FAQs

Posted on October 30, 2013 by Sara Mathur 22 Comments

How to Calculate HRA Income Tax Exemption? According to section 10 (13A) of Income Tax Act, 1961 read with rule 2A of Income Tax Rules, least of following three is exempt from tax: 1. Actual HRA received 2. Rent paid in excess of 10% of salary (Basic + DA) 3. 40% of salary (50% if […]
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