|
For salaried people this tool will be useful in caculating the tax deduction on
HRA.
The minimum of these three values will determine your HRA tax deduction
-- The House Rent Allowance you get
-- (Annual_Basic + Annual_DA) X City_factor (City_factor is 0.5 for Metros and 0.4
for Non-Metro cities)
-- Annual_Rent_Paid - 10% of (Annual_Basic + Annual_DA)
|