Opting for a rented place may be better

● Check your final tax liability to make the right choice

- MAYUR SHAH

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 summarised below.