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Opting for a rented place may be better
Financial Express Delhi
|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 summarised below.
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