What Is HRA Full Form And How To Calculate?
Business / by kalai vani / 102 views
The HRA full form stands for House Rent Allowance. It is mostly exempted from this House Rent Allowance tax only for those living in a rented house. These are part of your salary paid by the employer to cover the rent expenses for accommodation.
This HRA deduction is deducted from the annual income of a salaried and self-employed person while filing an ITR. It is the amount of tax credit that can be claimed, which enables an individual to reduce his annual income and save some tax.
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