![]() Therefore, HRA reductions help in reduction in tax that the taxpayer has to pay. The major advantage of HRA is that it helps in reducing the total taxable income. The provisions of HRA are beneficial to salaried employees. Section 10(13A) of the Income Tax Act, 1961 regulates the provisions of HRA. The allowance varies on the basis of salary and city of residence. HRA provides tax benefits to the employees towards the payment of accommodation. ![]() In other words, HRA is the amount an employer pays to an employee to meet their accommodation expenses. It is the amount payable by the employer to their employee as part of the salary. House rent allowance, most commonly known as HRA, is an important component of a salary slip.
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