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a salaried person living on rent can lower the tax burden by availing the house rent allowance (hra) if it is a part of the salary. the lowest of the three factors are considered while computing hra: rent allowed by the employer. actual rent paid minus 10% basic salary. yes, you can claim income tax exemptions on both, hra on a rented house you are currently living in as well as servicing a home loan on another property as long as you have deeds, possession and other necessary documents. on repayment of a home loan you can claim tax benefits on principal and interest payments. a salaried person living on rent can lower the tax burden by availing the house rent allowance (hra) if it is a part of the salary. the lowest of the three factors are considered while computing hra: rent allowed by the employer. salaried individuals who live in a rented house can claim house rent allowance or hra to lower taxes. hra or house rent allowance is a salary component paid by employer to employees for meeting what are the documents required to claim hra exemption? share or embed document house rent allowance (hra) taxability, working / calculation employees hra is an allowance and is subject to income tax. looking to save tax on house rent allowance? for most employees, house rent allowance (hra) is a common component documents actual house rent allowance received from the employer or; actual rent the documents, these documents must be made available to him. how is the exemption on house rent allowance (hra) calculated? how to use hra to save income tax and what are the documents required to, can i claim hra if i own a house in same city, is rent agreement required for hra exemption 2017, can i claim hra for another city, landlord pan card for hra 2017, is rent agreement required for hra exemption, house rent allowance rules and regulations, is rent receipt mandatory for hra exemption, documents required for hra exemption 2017
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