From April 2026, 8 cities qualify for 50% HRA exemption. New rules impact calculations, compliance, and disclosures for salaried ...
HRA stands for House Rent Allowance, which is included in the pay of many salaried people. You must know that getting an HRA exemption from taxes is possible when choosing to live in a rented house.
Income Tax: Among several benefits, one of the main advantages of choosing the old tax regime is that it enables you to claim exemption for house rent allowance (HRA). Under the old tax regime, HRA is ...
To be eligible for this exemption, you must receive HRA, pay rent for a house you don't own, and opt for the old tax regime.