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Yogi Zone

Useful articles for your finance management by our team of experts

income tax benefit on rent

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Question:

I work in an education institute in Greater Noida and my employer has provided me single’s accommodation in a boys’ hostel. my family lives in Agra in a rented house. Since I pay the rent, can i avail income tax benefit on it?

Answer:

If your employer is providing your HRA allowance, then you can claim HRA as you are paying rent to the hostel. However, you need to minus the food charges (if any) from the total payment made to hostel.

 

 

 

 

 

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