Answer ( 1 )

  1. ​​​Least/minimum of the following is exempt (Not taxable/deducted from total HRA received)

    (a) Actual amount of HRA received

    (b) Rent paid Less 10% of salary

    (c) 50% of salary if house taken on rent is situated in Kolkata, Chennai, Mumbai and Delhi

    ​or

    40 % of salary if the house is taken on rent is NOT situated in Kolkata, Chennai, Mumbai and Delhi.

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