Income tax – list of benefits available to salaried persons – AY 2020-21
list of benefits available to salaried persons – ay 2020-21 – incometaxindia S. N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt:a) Actual HRA Receivedb) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi or Madras)c) Rent paid minus 10% of salary* … Read more