Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:Allowance
|
| gptkbp:abbreviation |
gptkb:HRA
|
| gptkbp:appliesTo |
gptkb:India
|
| gptkbp:eligibility |
Salaried employees
|
| gptkbp:exemptionDependsOn |
Salary
HRA received Location of residence Rent paid |
| gptkbp:exemptionUnder |
Section 10(13A) of Income Tax Act, 1961
|
| https://www.w3.org/2000/01/rdf-schema#label |
House Rent Allowance
|
| gptkbp:maximumExemption |
Least of actual HRA received, rent paid minus 10% of salary, or 50%/40% of salary (metro/non-metro)
|
| gptkbp:notExemptIf |
Employee does not pay rent
Employee lives in own house |
| gptkbp:provides |
Employer
|
| gptkbp:purpose |
To help employees meet rental housing costs
|
| gptkbp:relatedTo |
gptkb:Income_Tax
Salary structure |
| gptkbp:requiredDocuments |
Rental agreement
Rent receipts PAN of landlord (if rent exceeds ₹1 lakh per annum) |
| gptkbp:taxStatus |
Partially
|
| gptkbp:bfsParent |
gptkb:HRA
|
| gptkbp:bfsLayer |
7
|