House Rent Allowance exemption: available in the old tax regime but not under the new tax regime. HRA exemption remains available under the old tax regime for salaried individuals, but is not available under the new tax regime; taxpayers selecting the ... Summary
House Rent Allowance exemption: available in the old tax regime but not under the new tax regime.
HRA exemption remains available under the old tax regime for salaried individuals, but is not available under the new tax regime; taxpayers selecting the new regime cannot claim the HRA concession and must compute taxable salary without that deduction.
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