HRA tax exeption

TS Bhatia (Querist) 09 September 2008 This query is : Resolved
What is the procedure for getting exemption for deduction of income tax from HRA ?
How is calculation done ?

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rajesh garg (Expert) 13 September 2008
HRA IS EXEMTED U/S 10(2A) OF I.T. ACT.ITS CRITERIA 4 DED IS 10% OF G. SALARY RECEIVED OR HR PAID WHICHEVER IS HIGHER IS EXEMPTED OR OTHERWISE U CAN DIRECTLY DED FROM TAXABLE INCOME.NO BODY MAY OBJECT

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