HRA calculations are incorrect in the application, how can I re-calculate and update the correct HRA in greytHR?

There can be two reasons where you will get incorrect HRA value:

1. When HRA is updated manually in the application.
2. When you update the monthly rent details without updating the HRA percentage.

To recalculate and rectify the HRA calculations, perform the following actions:

1. Navigate to Payroll > Payroll Inputs > Salary. The Salary page opens.
2. Under the Employee Type dropdown list, select the required employee status.
3. From the Search by Emp No/Name search box, select the employee for whom you want to recalculate HRA.
4. Under Component group, click NET PAY > TOTAL DEDUCTIONS.
5. Under TOTAL DEDUCTIONS, click the Edit icon available next to the INCOME option. The INCOME TAX page opens.
6. Select the Exemptions tab. The Exemptions window opens.
7. Click Monthly Rent, House Rent pop-up appears.
8. Fill in the required information and click Save.
9. Click Close to close the pop-up.
10. Under the Exemptions tab, click Save to update the correct HRA.

Related Links:

• Video - To learn more about greytHR, click here.
• Documentation -  To read more about Income Tax, click here.
• Product Update - To read our product update, click here.