HRA tax exemption depends on rent paid, salary structure and city of residence, with benefits calculated as the lowest of three conditions under the old tax regime. The Income Tax Department has ...

HRA stands for House Rent Allowance, which is included in the pay of many salaried people. You must know that getting an HRA exemption from taxes is possible when choosing to live in a rented house.

If you changed jobs during the financial year and forgot to claim your House Rent Allowance (HRA), don’t worry—you can still claim it while filing your Income Tax Return and even get a refund. However ...