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hra exemption 2020-21

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What is HRA? HRA or House Rent Allowance is a component of the salary provided by the employer to his/her employee. If you receive House Rent Allowance as part of your salary and live in rented accommodation, and can claim full or partial HRA exemption u/s 10. The HRA is fully taxable if you don’t live in rented accommodation. Table of contentsWhat is HRA?How to Calculate House Rent Allowance?HRA Exemption RulesHRA Exemption Calculation with ExampleHow…