Rent paid by working professionals is tax exempted. How to Save 30000 rupees on HRA.

House Rent Allowance (HRA), is an amount which is paid by employers to employees as part of their salaries for accommodation.  Only salaried person living in rented house can claim HRA tax exemption. Income tax section 10(13A) provides tax benefits towards the payment for rent. Tax exemption calculated based on city of residence, HRA paid, … Continue reading Rent paid by working professionals is tax exempted. How to Save 30000 rupees on HRA.