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HRA Calculation and Income Tax Exemption Rules | House Rent Allowance

Get smarter with Masterclasses by LLA Capital Gain Masterclass: cg.lla.in Employee Rights Masterclass: er.lla.in Tax Planning Course: 📚Payroll, Excel & Labour Law Courses for career growth: https://lpt.institute/courses/ 💸DEMAT Account: https://link.lla.in/Demat ☑️File ITR with Tax2Win (English): https://bit.ly/2zIypzk ☑️File ITR with Tax2Win (Hindi): https://bit.ly/2ZVPaBX _____________________________________________________ HRA (or House Rent allowance) is a normal part of the salary. But did you know that HRA is exempt from income tax, under certain conditions? Did you also know that you do not actually need to stay in a rented place to save your tax money? Learn what is HRA? How to calculate HRA? HRA exemption rules and income tax. What is the maximum HRA claim possible? Leave Travel Allowance:    • LTA: Leave Travel Allowance |Calculat...   HRA calculator: https://www.incometaxindia.gov.in/Pag... Read about this in English: https://labourlawadvisor.in/blog/hous... _____________________________________________________ Chapters: 00:00 Intro 01:55 What is House Rent Allowance (HRA)? 02:59 How much HRA can be claimed? 05:50 Conditions for HRA exemption 06:54 How much HRA deduction is possible? 08:06 Examples of HRA deduction 11:09 Paying rent? 12:36 Self-employed exemption 14:31 Joint family HRA benefits 15:40 FAQs 16:47 Form 16B _____________________________________________________ PLAYLISTS : Labour Law Crash Course Series: https://tinyurl.com/Labour-Law-Crash-... Money Frauds You Must Know: https://link.lla.in/LLA-PL-Money-Frauds Life Insurance Guide: https://link.lla.in/LLA-PL-life-insur... Demat Account Guide: https://link.lla.in/LLA-PL-Demat-Acco... Income Tax: https://link.lla.in/LLA-PL-Income-Tax... Jagruk Talks S2: https://link.lla.in/LLA-PL-Jagruk-Tal... Business Basics: https://link.lla.in/LLA-PL-Business-B... ABC of Personal Finance: https://tinyurl.com/LLA-Financial-Adv... Social Security Schemes: https://tinyurl.com/LLA-Social-Securi... _____________________________________________________ Follow us on Social Media📲 Twitter: https://link.lla.in/LLAtwitter Instagram: Telegram: https://t.me/JoinLLA Facebook: https://link.lla.in/LLAFB _____________________________________________________ 📰Get the LLA newsletter for FREE: https://labourlawadvisor.in/newsletter/ 🕵️Employment Consultancy, Contract Review, Salary Structure Review: https://www.consult.lla.in/ #HouseRentAllowance #HRA #LabourLaws