hra exemption calculation

As an employee, one of the common expenses that you incur is your rent. If you are living in a rented house, your employer may offer you a House Rent Allowance (HRA) as a part of your salary package. This allowance can be claimed as a deduction under the Income Tax Act, 1961, which can help you save on your taxes. The HRA exemption can be claimed only if the employee is … [Read more...] about How Much Tax Can You Save On House Rent Allowance? HRA Exemption Calculation For Income Tax Filing