Monday, 16 January 2012

Deduction for HRA allowed upto 50% for metro cities

You can save upto 50% of your salary if you reside in Metro (40% of your salary if you reside in non-metro).

Cities Like, Delhi, Mumbai, Chennai and Kolkata constitutes Metro.

Cities like Bangalore, Gurgaon, Faridabad, Hyderabad, Pune, Ahmedabad etc would constitutes as Non metro and only 40% deduction will be allowed.

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