Here is a simple explainer on how to calculate the exemption available ... Depending on what the HRA component of your salary is, the deduction from taxable income will be the lowest of the ...

To calculate TDS on salary, first determine your gross salary ... Common exemptions and deductions include House Rent Allowance (HRA), Employee Provident Fund (EPF) contributions, Professional ...

The HRA rates earlier were 30%, 24% and 18%, respectively, payable on the old basic salary. For DA, 7th Pay Commission recommended that HRA rates be revised upward in two phases, to 27%, 18% and 9%, ...

HRA (House Rent Allowance): If you receive ... Related News | How To Calculate Income Tax On Your Salary? Here Is Step By ...

and 40% for those living in non metros Actual rent paid minus 10% of basic salary To calculate your HRA deduction, you may use the HRA deduction calculator available on the Income Tax Department ...