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House Rent Allowance (HRA) - What is House Rent Allowance, HRA Exemption And Tax Deduction

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House Rent Allowance (HRA) is an allowance (part of CTC) given by your employer to help you cover the cost of living in a rented accommodation. HRA is a part of your salary income and therefore, it is initially considered as your taxable income. However, if you live in a rented accommodation, you can claim a tax exemption either – partially or wholly under Section 10(13A) of the Income Tax Act. This is popularly known as HRA exemption. If you don’t live in a rented accommodation, this allowance is fully taxable. Please note that the tax exemption of house rent allowance is not available in case you choose the new tax regime. Individuals who are self-employed cannot claim HRA but they can avail tax deductions towards the rented accommodation under Section 80GG. Section 10 (13A), rule number 2A of the Income Tax Act allows salaried individuals to claim exemptions for House Rent Allowance (HRA). As this allowance is a significant part of an individual's salary, it is important to follow t

House Rent Allowance (HRA): Exemption, Calculation Formula and Tax Rules FY 2025-26 65% OFF Ends Soon Use code: CLAIM65 File Now ITR Filing Is Live! File your ITR in Minutes with 100% Accuracy downloads --> File now Get 60% OFF USE CODE: LAUNCH60 What is House Rent Allowance (HRA) - Exemption, Calculation & New Rules 2026 By CA Mohammed S Chokhawala | House Rent Allowance (HRA) is a component of an employee's salary paid by employers to cover rental accommodation costs. Under Section 10(13A) of the Income Tax Act , a portion of HRA is exempt from tax if the employee is salaried, lives in rente

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