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What is House Rent Allowance?
House Rent Allowance (HRA) is an amount which is paid by employers to employees as a part of their salaries. It is a kind of exemption, which can be provided only if the employee is living in rented accommodation. In case the employee lives in his/her house, they cannot claim HRA. It is only for employees living in rented accommodation.
How is HRA computed?
HRA depends on the salary of an employee.
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- By Admin
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- By Admin
- Category Income Tax
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Worried about ITR? Then this write-up is for you! Before hiring a tax consultant you must be aware of important ITR facts. Read on to know more about ITR filing.
The deadline to file an ITR is approaching. If you have never filed an ITR before, you may find the task to be a daunting one.
You can reduce all the stress by getting a tax consultant on board. It is also important that you are aware of certain facts about filing ITR. Here are some important things that you must keep in mind, especially if you are filing an ITR for the first time: