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Opting for a rented place may be better
Financial Express Kolkata
|February 03, 2025
● Check your final tax liability to make the right choice
WITH THE NEW Budget 25, will it make any difference for a salaried class taxpayer to stay in a rented apartment compared to his own flat which he has bought with a home loan? Is there anything that has changed? In the event a taxpayer intends to claim HRA exemption or deduction in respect of housing loan, the taxpayer will have to choose the old regime only.
In order to take a considered call, it is vital to understand the HRA exemption. HRA exemption is determined based on the aspects summarized below.
This story is from the February 03, 2025 edition of Financial Express Kolkata.
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