Can anybody please explain me how to calculate rebate in income tax payable due to paying house rent as per income tax rules in India? Here is my case I'm salaried person my gross salary of Rs. 25,000/month. I spend Rs 4,000 per month as house rent and my current city noida(is noida metro city ?) then what will be the income tax payable for the financial year 2012-13 ?
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