Tax Free Hra
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COMPUTATION OF TAX-FREE HRA: IS THE LEAST OF THE FOLLOWING THREE AMOUNTS: (A)
HRA RECEIVED BY EMPLOYEE
(B)
ACTUAL RENT PAID BY EMPLOYEE LESS: 10% OF SALARY
(C)
50% / 40% OF SALARY
NOTES: 1. Salary is Defined as Basic Salary + DA only. 2. In point (C) above 50% of salary is applicable for the 4 Metro in India. For all other Cities or Towns / Places 40% is applicable.
Cyrus Paymaster
Digitally signed by Cyrus Paymaster DN: cn=Cyrus Paymaster, o=Paymaster services, ou, [email protected], c=IN Date: 2009.11.21 19:38:03 +05'30'
HRA RECEIVED BY EMPLOYEE
(B)
ACTUAL RENT PAID BY EMPLOYEE LESS: 10% OF SALARY
(C)
50% / 40% OF SALARY
NOTES: 1. Salary is Defined as Basic Salary + DA only. 2. In point (C) above 50% of salary is applicable for the 4 Metro in India. For all other Cities or Towns / Places 40% is applicable.
Cyrus Paymaster
Digitally signed by Cyrus Paymaster DN: cn=Cyrus Paymaster, o=Paymaster services, ou, [email protected], c=IN Date: 2009.11.21 19:38:03 +05'30'
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