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HRA Tips: Not getting house rent allowance in salary? You can still get tax exemption, know how much you can claim..

If you live in a rented house and your salary does not include HRA i.e. House Rent Allowance, then there is no need to worry. Under Section 80GG of the Income Tax Act, you can claim tax exemption on ...
Indiatimes

House Rent Allowance: Eligibility, benefits, tax implications, how to calculate HRA exemption and more queries answered

House Rent Allowance (HRA) is a vital part of employees' salaries, offering tax benefits. To qualify, individuals must be salaried employees living in rented accommodations. The exempt HRA amount is ...
Indiatimes

HRA exemption: Claiming House Rent Allowance tax benefit? Keep these 5 important documents handy in case income tax department asks

Employees claiming HRA exemption must maintain valid rent agreements, receipts, and payment proofs. Cash payments over Rs 2 lakh may incur penalties. Electronic payments are recommended. Landlord's ...
Mint

Income tax filing: How to save tax on house rent allowance; all you need to know

No matter whether you stay at your parents’ house or not, you can claim tax exemptions on the rent paid. If you are an employee, the house rent allowance of HRA might be part of the salary on which ...
Mint

How to choose your basket of tax-saving allowances

While deciding on what tax-saving allowances to include in your salary, you should also ensure that these are aligned with your financial goals. (Pexels) As the new financial year starts, you might ...