If you are a salaried person, you are able to claim House Rent Allowance (HRA) to generally meet your rented accommodation-related costs. Salaried individuals who reside in a rented house can claim this exemption and bring straight down their taxes.HRA is completely or partially exempt from tax. Our HRA exemption calculator will allow you to calculate exactly just what part of the HRA you will get from your own boss is exempt from income tax and simply how much is taxable.
The allowance will be fully taxable if you don’t live in a rented accommodation but still get house rent allowance. […]