Latest HRA tax exemption rules: Step-by-step guide on how to save income tax on house rent allowance under old income tax regime

HRA tax exemption rules: The HRA tax exemption reduces the total salary before calculating taxable income, helping employees save on taxes. It's important to note that if an employee lives in their own house or does not pay any rent, the HRA received from the employer is fully taxable.

from Tax-Wealth-Economic Times https://ift.tt/kq2O5Kx