HR, Payroll, Attendance Software › Forums › Lenvica HRMS › Ask a Question › Income tax rule for HRA exemption › Re: Income tax rule for HRA exemption

Rijo Pappachan
Member
June 27, 2013 at 13:34
Post count: 92
#20022

Hi Bobby,

As per the income tax rule,
1. Total of HRA
2. Rent – 10% of (Basic Pay + DA + Commission)
3. 40% of (Basic Pay + DA + Commission) (50% in case of Metropolitan City)

HRA Exemption = Minimum of the three.

Lenvica HRMS is working based on the above rule. So please check the above points let us know if you have any queries.

Thanks,
Rijo