House Rent Allowance tagged posts

House Rent Allowance (HRA)

Category: TagsTax Planning Comments: No comments

House Rent Allowance

House Rent Allowance (HRA)

HRA or house rent allowance is provided to employees by its employer for meeting the cost of rent paid when staying in a rented accommodation for discharging his services as an employee. HRA is a part of the salary package, in accordance with the terms and conditions of employment. The Income Tax Act allows for deduction in respect of the HRA paid to employees...

Read More