Mr. Amit employed in X Co. Ltd. received ₹ 10,000 per month as house rent allowance in the year 2020-21. His total salary is ₹ 4 lakhs consisting of Basic Pay + DA. He paid rent of ₹ 8,000 per month. How much of HRA is exempt from tax?

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Question:Mr. Amit employed in X Co. Ltd. received ₹ 10,000 per month as house rent allowance in the year 2020-21. His total salary is ₹ 4 lakhs consisting of Basic Pay + DA. He paid rent of ₹ 8,000 per month. How much of HRA is exempt from tax?

1. ₹ 40,000

2. ₹ 56,000

3. ₹ 1,20,000

4.₹ 1,60,000

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  1. Mr. Amit employed in X Co. Ltd. received ₹ 10,000 per month as house rent allowance in the year 2020-21. His total salary is ₹ 4 lakhs consisting of Basic Pay + DA. He paid rent of ₹ 8,000 per month. How much of HRA is exempt from tax?
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