HRA Tax Calculator: How much tax relaxation you get on HRA on Rs 4 lakh basic salary
Many of us get House Rent Allowance (HRA) as part of our monthly salary. HRA gives us tax deduction under Section 10(13A) of the Income Tax Act. Employees staying in Tier-1, Tier-2 and Tier-3 cities get different slabs of HRAs. Do you know how tax relaxation on HRA is calculated? How much HRA tax exemption can you get on a basic annual salary of Rs 4 lakh.
House Rent Allowance provides you tax relaxation under Section 10(13A) of the Income Tax Act. Photo: Pixabay/Representational