How to claim HRA exemption from taxes through old tax regime
Employees while using the old tax regime can claim exemption from taxes on HRA
Source: firstpost.com
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Will HRA be applicable in new tax regime for FY2023-24?
Financial year 2023-24 onwards, the new regime is set to be the default tax system. Under the revised new tax regime, the individual will forego 70 deductions and tax exemptions. House rent allowance (HRA) tax benefit is one of those. HRA is available only to salaried individuals who are planning to opt for old tax regime. Watch Business Today's Visual Story to know more about tax exemptions and deductions under the new tax tegime.
Source: businesstoday.in
HRA Calculator: Exemption rules to claim House Rent Allowance (HRA) in FY23
The House Rent Allowance (HRA) is an allowance made by an employer to an employee in exchange for the employee's payment of house rental expenses.
Source: livemint.com