House Rent Allowance – How to claim and maximize deduction?
Section 10(13A) of the Income Tax Act, 1961, provides exemption from tax on house rent allowance (HRA) received for salaried employees residing in a rented accommodation. Self-employed individuals and those salaried employees who do not have HRA in their salary structure cannot claim deduction of HRA. Still they can claim benefits on the house rent … Continue reading “House Rent Allowance – How to claim and maximize deduction?”