Monthly Basic Salary | |
HRA Received (Monthly) | |
Rent Paid (Monthly) | |
Current Residence (Category) |
Condition 1 | Actual HRA Received (Yearly) | |
Condition 2 | Actual House Rent (minus) 10% of Basic (Yearly) | |
Condition 3 | 50% of Basic if you live in metro & 40% if in Non Metro (Yearly) | |
HRA Exempt (Min. Value of the above three) | ||
Metro cities are – Delhi, Mumbai, Calcutte & Chennai | ||
Annual Tax Savings(Based on Tax Bracket) | ||
Tax Bracket 1 – 20% | ||
Tax Bracket 1 – 30% |
Yellow cells are input cells