HRA benefit in New tax regime
9 months ago
Hi , I have started my first job recently. I have a option to take 5 to 50% HRA. I am opting for new tax regime. How much hra should I take? Is there any benefit if i take more than 5%?
A.Dear client,
50% of the employee's salary is eligible for HRA tax exemption if they live in any of the Metro cities of India. The metropolitan cities of India include Delhi, Mumbai, Calcutta, and Chennai. In case the employee lives in any other city, then 40% of the salary can be HRA exempted.
50% of the employee's salary is eligible for HRA tax exemption if they live in any of the Metro cities of India. The metropolitan cities of India include Delhi, Mumbai, Calcutta, and Chennai. In case the employee lives in any other city, then 40% of the salary can be HRA exempted.
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