Taxation
HRA
pronounced: [H-R-A]
House Rent Allowance is a component of salary that provides tax exemption under Section 13A for salaried employees who pay rent.
Exemption is the minimum of HRA received, actual rent minus 10% of basic salary, or 50%/40% of basic salary for metro/non-metro cities.
Key Facts
| Fact | Value |
|---|---|
| Interest Rate | 10% p.a. |
Frequently Asked Questions
Related Terms
Last updated: 21 May 2026