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To calculate House Rent Allowance (HRA) for a non-metro city using an online HRA calculator, you would typically need the following information: Basic salary: The basic salary is a fixed component of your salary that is used to calculate various allowances, including HRA. Actual rent paid: This refers to the amount of rent you pay … Read More “How is HRA calculated for non-metro city by online hra calculator?” »
Introduction House Rent Allowance (HRA) plays a significant role in reducing the tax burden for individuals who do not receive a specific house rent allowance from their employer. Section 80GG of the Income Tax Act provides a tax deduction on the rent paid by individuals, subject to certain conditions. In this article, we will delve … Read More “How is house rent allowance calculated under section 80GG?” »
Introduction The House Rent Allowance (HRA) is an essential component of many employees’ salary packages. It provides financial assistance to employees for their rented accommodation expenses. To determine the amount of HRA, employers use a specific formula based on the employee’s basic salary. In this blog, we will delve into the HRA calculation formula from … Read More “Explain about hra calculation formula from basic salary?” »
Introduction : When it comes to salary structures and components, the term “CTC” (Cost to Company) is often used. Within the CTC, one important element is the HRA (House Rent Allowance). In this blog, we will delve into HRA as a percentage of CTC, shedding light on its significance, calculation methods, and impact on employees’ … Read More “What is HRA as a percentage of CTC?” »
