House Rent Allowance (HRA), is an important component in our salary slips, with upto 30% of basic pay (+DP) in metros. HRA is the allowance given to meet the staff's expenses towards renting an accommodation. Though very simple in concept and calculation, the tax implications of the HRA, puzzles many a people. Here are 7 must knows….
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The posts listed here are from various news sources and express only early views about Seventh Pay Commission. The SPC report will be published only in April. So dont take these posts for authenticated info.