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HRA exemption News

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Employees receive HRA to cover the cost of rental accommodations. HRA exemption can be claimed under Section 10 (13A). HRA is completely taxable.
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First time home buyers will get a deduction of an additional interest of Rs 50,000 per annum for loan upto Rs 35 lakh, during 2016-17, provided the house value does not exceed Rs 50 lakh.






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