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Salary & Tax

How To Calculate HRA In Salary?

HRA = Basic Salary × HRA percentage HRA exemption under income tax = Minimum of: Actual HRA received 50% of basic salary if living in a metro...

How To Calculate Dearness Allowance?

Dearness Allowance = Basic Salary × DA Rate DA Rate is usually given as a percentage Convert the percentage into decimal form before calculating Formula: DA =...

How To Calculate HRA?

HRA = Basic Salary × HRA percentage HRA exemption under Indian tax rules = least of: Actual HRA received Rent paid minus 10% of basic salary 50% of...