House rent allowance is paid by an employer to his employee. The employee as per the eligibility under section 10 (13A) can claim exemption from House Rent Allowance (HRA) received every month. A self-employed person did not get a salary from the employer. Therefore, he can not claim an exemption under section 10 (13A) of … Read More » "Frequently Asked Questions on House Rent Allowance exemption"
Mr. X is working in a non-metro city and receives a basic salary of Rs. 14, 500, Dearness Allowance as Rs. 3000 and does not receive any commission. If he has paid Rs. 3000 as house rent while receiving house rent allowance of Rs. 4000. Let us calculate what will be his taxable house rent … Read More » "Example for calculating Exemption for House Rent Allowance"
House rent allowance granted by an employer to his employee is tax exempted to the extent provided under section 10 (13A) of income tax act 1961. Employees in India, receive house rent allowance from their employer every month as a part of their terms and conditions of employment. As per the Income Tax Act provision, … Read More » "House rent Allowance or HRA Exemption U/S 10 (13A)"
If you are living in rented accommodation in a metro city or in some other city and you do not own any house in such a city then you can claim house rent allowance exemption from your HRA. To claim exemption, your employer may ask you for; rent receipt as a proof of payment of … Read More » "How to claim HRA or house rent allowance exemption"