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HRA stands for housing rent allowance. It the allowance which an employer provides to an employee if the employee lives in a rented flat/house. However, by default, it is reflected in the salary structure of the salaried person. Thus, for a person having his own house, this is a taxable income. However, for a person […]
If you are a salaried individual in a private or public firm, you must make yourself familiar with your basic salary structure. Your salary structure is divided into lot of components like travel, HRA, food, etc. Some of these components are taxable while some are tax exempt. You must be familiar about each of the […]