medium10 pts · first answer countshratds-on-salary
HRA exemption in a metro city
Under old-regime rules, HRA exemption is the lowest of: actual HRA received, rent paid minus 10% of basic, and 50% of basic for a metro city. Monthly basic is 40,000, HRA received is 20,000 and rent paid is 22,000 in a metro. What is the monthly exempt HRA?
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