Components Considered For Calculating HRA In India

I badly need advise on calculation of my HRA. Below are the components of my salary besides my PF and PT. Please advise which components should I consider for the computation of HRA.
BASIC
HRA
CONVEYANCE ALLOWANCE
MOBILE ALLOWANCE
GRADE ALLOWANCE
SPECIAL ALLOWANCE
LOCAL CONVEYANCE
OTHER ALLOWANCE
HARDSHIP ALLOWANCE
Since I have no dearness allowance as listed in my salary breakup and I live in Mumbai, I want to know that from the remaining components which should I consider for the computation of HRA.
21st December 2007 From United States, New York

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Yogendra Patil

I think it is only Basic that you have to consider.. As mumbai is one of Metros so the Rule is that.. HRA should be 50% of basic wages... Hope it will help you.. Yogendra.
25th December 2007 From India, Pune

vishwa2

HI, You should take only Basic for computation of HRA as per Income Tax Act rgds vishwanath
27th December 2007 From India, Bangalore

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