HRA Discussion
Hi All,
I have recently got an offer from a company with an annual base salary as 19L and the company is giving HRA as 50% of it which turns out to be 9.5L which I think is standard and most companies do this. I also own a flat and moved in recently so not living on a rented flat now.
Now, my question is how others having similar packages & situations are utilising it? Please guide me here.
TIA.
HRA is usually 40-50% of basic, and not base pay. Best case scenario your basic is 50% of total base pay. Your HRA at 19L should be 4.75L. Or the company is very good and you actually have 9.5L HRA.
At 19LPA just go for the new tax regime. I pay close to 1lpm as rent and it is messy, you have to submit TDS and the cash outflow is huge. I'm opting for new tax regime this time as the difference is negligible even at this amount this year onwards.
How many years of experience do you have?
