![]() ![]() 50% of the salary in case of metro city/ 40% in case of a non-metro city.The amount of Exempt HRA will be the least of the following amounts: ![]() The exempt house rent allowance can be checked from the Form 16.įrom FY 2020-21 onwards, House Rent Allowance Exemption is only available if an employee opts for the Old Tax Regime. The employers, in turn, will calculate an exempt House Rent Allowance and deduct the same from the employee’s taxable salary. 10(13A).Įmployees are required to submit the rent receipts to their employers to claim the tax benefit. Salaried individuals who live in rental premises can claim exemption of House Rent Allowance u/s. House Rent Allowance (HRA) is paid by an employer to employees as a part of their salary to meet the accommodation expenses. ![]() Can a taxpayer claim both deductions on Home Loan & HRA?. ![]()
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