The house rent allowance (HRA) is one of the common component in the salary structure of an employee. However, not all employees get similar benefit due to difference in the place of residence. The HRA rules allow 50% exemption for metro cities and 40% for non-metro cities. There is a need to amend definition of metro cities under the Income-tax Act.
from Personal Finance News-Wealth-Economic Times https://ift.tt/XgJHYPD
No comments:
Post a Comment