Chennai's diverse economy spans IT, manufacturing, and automobiles. The city's relatively lower cost of living allows for significant savings potential.
₹9,50,000
Avg. Annual Income
₹20,000
Avg. Monthly Rent
110
Cost of Living Index
11+ million
Population
Chennai qualifies as a metro city for HRA calculation purposes. This means you can claim up to 50% of your basic salary as HRA exemption.
Example for Chennai:
If your basic salary is ₹50,000/month and you pay ₹20,000 rent, your maximum HRA exemption could be around ₹25,000/month.