Salaried individuals who have rented a house and comply with the rent deduction slab need to have correct HRA calculations to apply for exemptions. For metro city residents, 50% of the basic salary is exempted from tax slabs. For non-metro residents, 40% of the basic salary is exempted from the tax slabs. Also, if you receive HRA from an employer than it is exempt from taxes.
To get maximum possible deductions with HRA calculations, use our advanced calculating system. All you need to do is fill in the correct information accordingly in the given field and hit “Calculate” button. It will do all the calculations for you.