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Which of the following is a condition for claiming HRA exemption?

Practice Questions

Q1
Which of the following is a condition for claiming HRA exemption?
  1. The employee must live in a rented house
  2. The employee must own a house
  3. The employee must be a senior citizen
  4. The employee must have a salary above Rs. 50,000

Questions & Step-by-Step Solutions

Which of the following is a condition for claiming HRA exemption?
  • Step 1: Understand what HRA stands for. HRA means House Rent Allowance.
  • Step 2: Know that HRA is money given by an employer to help employees pay for their rent.
  • Step 3: Realize that to claim HRA exemption, you need to show that you are paying rent.
  • Step 4: Confirm that you must be living in a rented house, not your own house.
  • Step 5: Remember that if you live in a rented house, you can claim HRA exemption.
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