Employers, not employees, fund HRAs. An HRA is not portable; employees lose this benefit when they leave the company. Government rules, which employers may refine further, determine which expenses ...
Below is a list of documents to keep handy and actions to take to avoid rejection of your HRA tax exemption. ALSO READ | Income Tax Rules FY 2024-25: New vs old tax regime - 6 rules salaried ...
HRA exemption is available only if you are living in a rented house and opt for the old tax regime. If the rent is more than ₹1 lakh per annum, then the PAN of the landlord must be submitted.
In Retirement Daily’s latest Ask Bob, our expert notes that Health Savings Accounts and Health Reimbursement Accounts are both tax-advantaged health savings plans, but they have different ...