Key points to remember when claiming HRA exemption in your ITR

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Taxpayers filing their Income Tax Returns (ITR) should be aware of the rules governing House Rent Allowance (HRA) exemptions. The HRA exemption is exclusively available to those who opt for the old tax regime. Individuals who have chosen the new income tax regime are not eligible to claim this benefit. It is important for salaried employees to understand this distinction before filing their returns to avoid errors or disallowances.

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