How to Claim HRA When Living with Parents?
Claim HRA when Living with Parents.. you can pay them some amount every month as rent and claim that amount as HRA if you receive HRA in salary payslip
hra exemption limit
How HRA Exemption is Calculated [Excel Examples]
How HRA exemption is calculated. You basically need to do 3 calculations to reach your HRA exemption amount:
1. Calculate Total HRA received in FY
2. Total rent paid in FY minus 10% of Basic Salary + DA in FY
3. 50% of Basic Salary + DA (metro city), else 40% in case staying in non metro city.
Minimum of above numbers will be considered as HRA exemption amount in the financial year to save income tax by reducing the taxable income.
HRA Exemption Calculator in Excel | House Rent Allowance Calculation
HRA Exemption calculator in Excel. .Download HRA Exemption Calculator to calculate the exemption you are eligible to claim & save income tax with old regime