hra calculation tips

House rent allowance is a grant provided by the employer to the employee to meet the cost of living in a rented house. Its also referred to as HRA allowance. HRA allowance forms part of the salary that the employee receives from the employer every month. Indian Income tax act provides tax exemption under section 10(13A) read with rule 2A due to which the entire amount of … [Read more...] about House Rent Allowance (HRA) – Tips to lower your taxes