Exemptions of House Rent Allowance HRA

Arnold28 Dec, 2021News

HRA or House Rent allowance also provides for tax exemptions. The different Sections of the Income Tax Act help the salaried individuals, and the self-employed people and professionals, to make their rent expenditures cheaper, and more desirable.Salaries of the employees of both private and public sector organizations are composed of a number of minor components as well. HRA or the House Rent Allowance is one of the sub-components of the salary.