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0. Calculate the exempt HRA from the following details:A is entitled to basic salary of ` 50,000 p.m. and dearness allowance of ` 10,000 p.m., 40% of which forms part of retirement benefits. He is also entitled to HRA of ` 20,000 p.m. He actually lives with his parents in Mumbai and does not pay any rent. The market rent of that house is ` 20,000 p.m. in Mumbai.
Nil
1,75,200
64,800
2,40,000
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