8th Pay Commission HRA Calculation: House rent allowance (HRA) is an important component for central govt employees' basic salaries. It depends on an individual's basic pay and the rating of the city ...
At present, only New Delhi, Mumbai, Kolkata and Chennai qualify for a 50 percent HRA exemption under the old tax regime, while other cities fall under the 40 percent category.
The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...
As per the existing income tax rules, salaried employees in only four metro cities of Delhi, Mumbai, Kolkata and Chennai are ...
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