What is the maximum amount allowed in salary components - is there any limit for HRA?

What is the maximum amount allowed in salary components - is there any limit for HRA?
10th December 2019 From India, Hyderabad

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ravi5554

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Dear Friend, To get exemption under Income Tax act, HRA is 50 % for Metro and 40% for Non Metro cities.
10th December 2019 From India, Mumbai

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I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article.
25th April 2020

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What is the maximum amount allowed in salary components - is there any limit for HRA?

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