![]() Actual rent paid less 10% of basic salary.The lowest amount from the following is exempt from taxes: In order to claim this exemption, it is necessary that it forms a part of one’s salary structure. House Rent Allowance is a component that is provided to employees who are staying in rented accommodation. What are the Allowances and Deductions that can Reduce the Tax Liability?įollowing are the salary components that will help in reducing the tax burden: House Rent Allowance ![]() How are these Allowances Calculated in a Salary?.What are the Allowances and Deductions that can Reduce the Tax Liability?.
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