What is the taxability of House Rent allowance (HRA)?
Least/minimum of the following is exempt (Not taxable/deducted from total HRA received)

(a)    Actual amount of HRA received

(b)   Rent paid Less 10% of salary

(c)    50% of salary if rented accomandation  is situated at Kolkata, Chennai, Mumbai and Delhi

​or

       40 % of salary if the rented accomadation is  situated at other than Kolkata, Chennai, Mumbai and Delhi.

 In case of no rent is paid then exemption will be zero. 

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