Income Tax, April 24 -- Among several benefits, one of the main advantages of choosing the old tax regime is that it enables you to claim exemption for house rent allowance (HRA). Under the old tax regime, HRA is exempted under section 10(13A) of Income Tax Act for salaried individuals, states information on the Income Tax India website. However, this exemption is not available in thenew tax regime.

These are some of the key things which taxpayers should keep in mind with regards to house rent allowance.

These are some points whichsalaried individuals should keep in mind while claiming house rent allowance (HRA). Firstly, make sure to sign a rent agreement with your landlord. Second. You can ask for the landlord's permanent account numb...