Download House Rent Allowance Exemption formula and calculator in MS Excel. House Rent Allowance Exemption for Employees. House Rent Allowance is Part of breakup of salary in most of the organisations. Employers are following different ratios for HRA and this amount is being given to the employee to meet the cost of rented house taken by them. Determine the actual amount of HRA received from the employer during the year. Calculate the total rent paid during the year for the rented accommodation. This should include the rent paid for the period when the employee was occupying the rented accommodation. From the total rent paid, subtract 10% of the employee’s basic salary.

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Actual rent ₹ 3,00,000 minus 10% of [ (45,000+7,000)*12] ₹ 2,37,600/-. 4. HRA deduction = Least of 1, 2, 3. ₹ 1,00,000/-. Hence, ₹ 1,00,000/- would be exempt from salary under Section 10 (13A). Also, if the employee is paying rental expenses but does not receive HRA allowance as a part of salary from the employer or if the person is
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1) Once you open MS Excel, create a file name and save it in a location from where you can access it easily. 2) Open a new Excel Sheet and write your company name, company address, month & year of the salary slip within the first three rows. 3) Make two columns and enter the general details of the employee like Name, designation, ID, Department
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    • hra calculation formula in excel