Eligibility Criteria for Salaried Individuals to Avail HRA Deduction Under Section 10(13A) | Tax Professional Blogs | Scoop.it
From blog.saginfotech.com - October 24, 2023 2:43 AM

Individuals employed in a company who have opted for the old tax regime and live in rented accommodations can avail of the House Rent Allowance (HRA) tax exemption as per Section 10(13A) of the Income-Tax (I-T) Act, 1961, provided they meet certain criteria. However, under the new tax regime, this exemption is not available starting from the assessment year 2021-22. Certain ambiguities exist where it may not be immediately clear whether an assessee qualifies for the exemption.