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Save Tax with HRA (House Rent Allowance)

Did you know that HRA allowances are lower in Bangalore, Pune, and Hyderabad compared to cities like Delhi, Mumbai, Kolkata, and Chennai? 🤯 Let’s break it down!


🔹 What is HRA?

House Rent Allowance (HRA) is a part of your salary that helps cover rental expenses. While HRA is taxable, you can claim an exemption under Section 10(13A) if you pay rent.


📌 How Much HRA Can You Claim?

The lowest of these three amounts:

✅ Actual HRA received

✅ 50% of basic salary + DA (for Mumbai, Delhi, Chennai, Kolkata)

✅ 40% of basic salary + DA (for non-metro cities, including Bangalore, Pune & Hyderabad)


🚨 Will This Rule Ever Change?

To get higher HRA benefits, cities like Bangalore, Hyderabad, and Pune need to be classified as metro cities for tax purposes. But as of now, the government has no plans to change this rule.


💡 Are you maximizing your HRA benefits? Get clarity on your rent allowance today—use the Asatax HRA Calculator now! 📊✨


 
 
 

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