As per Income Tax department circular No. 8/2012 dated 5 Oct 2012 the HRA calculation which is illustrated in that as under
S.No.
|
Particulars
|
Rupees
|
1
|
Salary
|
2,50,000
|
2
|
Dearness Allowance
|
1,00,000
|
3
|
House Rent Allowance
|
1,40,000
|
4
|
House rent paid
|
1,44,000
|
5
|
General Provident Fund
|
36,000
|
6
|
Life Insurance Premium
|
4,000
|
7
|
Subscription to Unit-Linked Insurance Plan
|
50,000
|
