How HRA exemption is calculated under Sec 10(13A) & Rule 2A of the Income Tax Act #shorts #youtube

House Rent Allowance (HRA) FY24-25 #shorts #short #shorts #short #youtubeshorts #trending #viralvideo #viral #youtube #quicktips #youtuber #youtubeindia @cadeveshthakur

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📌 HOUSE RENT ALLOWANCE (HRA) EXPLAINED
Understanding how HRA exemption is calculated under Sec 10(13A) and Rule 2A of the Income Tax Act 💰

✅ Factors considered:

Salary

Rent paid

City of residence

HRA received
🔍 Exemption is MINIMUM of the following 3:
1️⃣ Actual HRA received
2️⃣ Rent paid minus 10% of salary
3️⃣ 50% of salary (for metro cities like Delhi, Mumbai, Kolkata, Chennai) / 40% for others

📊 Example illustrated for better clarity 👨‍💼
Mr. A residing in Delhi paying ₹15K rent with ₹14K HRA and ₹50K basic salary.

📉 Exempt HRA = ₹1,20,000 (whichever is least of the 3)

💡 Perfect for tax planning & salary structuring!

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Видео How HRA exemption is calculated under Sec 10(13A) & Rule 2A of the Income Tax Act #shorts #youtube канала CA Devesh Thakur