What is HRA ? Salaried individuals who live in a rented house can claim House Rent Allowance or HRA to lower taxes. This can be partially or completely exempt from taxes. The allowance is for expenses related to rented accommodation. If you don't live in a rented accommodation, this allowance is fully taxable. How is tax exemption from HRA calculated? The deduction available is the minimum of the following amounts: Actual HRA received 50% of [Basic salary + DA] for those living in metro ... House Rent Allowance ( HRA ) is a critical component of an individual’s salary structure in India. It is provided by employers to employees to help them meet rental housing expenses. HRA offers dual benefits: it aids employees in managing their housing costs and provides a potential tax-saving ... Learn how to calculate House Rent Allowance ( HRA ) exemption under Section 10(13A). Find out eligibility, calculation rules, documents needed & how to claim HRA even while living with parents. Learn all about House Rent Allowance ( HRA )—meaning, eligibility, tax exemption rules under Section 10(13A), how to calculate and claim HRA , and who can benefit from it.
