HRA is exempt to certain extent under income tax law. Both for employee and employer , the computation of exemption out of HRA is an annual ritual. However , computation of exemption out of HRA is a bit tedious . For example , the computation is based on population of city in which employee has taken house on rent. For [...]
HRA Exemption is allowed only on One house.
January 17, 2007 by
The question regarding claim of House Rent Allowance exemption under Income tax law is very common.Many time , an employee has to take two house one for family another for himself on account of frequent transfer. So , many questions regarding the computation of exemption claim with respect to house rent allowance do hover in...
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