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House Rent Allowance

HRA Exemption as Paying Guest

HRA exemption is qualified solely for house rent payment not for other amenities like eatables and other facilities. In the case of “Paying Guest”, you pay consolidated rent including other amenities. You must separate the portion of house rent only. You will enter only house rent payment excluding other facilities for calculation of house rent allowance exemption or taxable part. For Example: If A pay Rs. 3000 P.M. as the paying guest including all the facilities .....

Calculation of House Rent Allowance (HRA) Exemption

Allowance is a fixed monetary amount paid by the employer to the employee, Whether personal or for the performance of his duties. These allowances generally taxable unless a specific deduction/exemption is provided by law. So in this article we will discuss about House Rent Allowance broadly. So you can understand and calculate it very easily. Please read complete article including the notes given at the end of the article. House Rent Allowance (HRA) is give .....