5 Major Tax-Free Allowances Provided By Govt To Salaried Individuals

1. House Rent Allowance House Rent Allowance (HRA), provided under Section 10(13A) & Rule 2A of the Income Tax Act, is the amount the employer pays to the employees to compensate for rent paid by them. This allowance is fully taxable if you don’t live in a rented accommodation. “The deduction for house rent allowance …

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