House Rent Allowance

We go about trying to claim exemption from taxes in so many ways, but seldom do people realize that investing in ones parents or family is a wise way to manage a part of your tax planning. The best way to go about it is by paying your parent’s ‘house rent’ if you live with […]

House Rent Allowance [HRA] is given by the employer to the employee to meet the expenses in relation to the rent of the accommodation which the employee might have to take for his residential purpose. The HRA so paid to the employee is taxable under the head “Income from Salaries” to the extent it so […]