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How is HRA exemption calculated?

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0 2022-07-18T11:14:55+00:00
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Hey,

HRA exemption is calculated on the basis of where you live.

For a metro city, 50% of your salary is eligible for HRA deduction.

For a non-metro city, 40% of your salary is eligible for HRA deduction.

Usually, the parameter used for calculator is  10% of your basic pay minus the total rent you pay

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