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What is HRA (House Rent Allowance)?

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Tarun Tarun
Answered on December 31,2019

Practically, every employer pays up the HRA (House Rent Allowance) to its employees as an element of their salaries. This way the employer offers support to its workforce in catering to their accommodation requirements. Along with taking care of the cost of living, the HRA also permits employees to avail of tax benefits on the monetary expense they make on rental payments.

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