<field name="note">Rent receipts can be shown for taking tax benefit for living in a rented house.
Income tax exemption for HRA will be least of following:
1. The actual amount of HRA received as a part of salary.
- 2. 50% (if living in metro area) and 40% (if living in non-metro area) of (basic salary+Dearness allowance(if applicable)).
+ 2. 50% (if living in metro area) and 40% (if living in non-metro area) of (basic salary+Dearness allowance).
3. Rent paid minus 10% of (basic salary+DA).
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