What is House Rent Allowance: HRA Exemption, Tax Deduction, Rules and Regulations
What is House Rent Allowance: HRA Exemption, Tax Deduction, Rules …
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Start Paying Rent to your Father🫨 Unlock tax savings with HRA while staying with parents! 🏠💰. If you’re a salaried employee and your parents own the house you live in, paying them rent can help you claim the HRA exemption under Section 10(13A) and lower your taxable income. Here are some pointers to keep in mind: 👉 Your parents must be the owners of the house, and you cannot be a co-owner. 👉 If your parents’ income falls within the tax-exempt limit or a lower tax bracket than you do, this c
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