Introduction The Human Resource Department of any organization plays a crucial role in managing employee benefits and compensation. One such important aspect of compensation is calculating the House Rent Allowance (HRA) of employees. HRA is a component of salary paid to employees to cover their house rent expenses. With the advent of technology, online HRA…
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How is HRA calculated for salary?
Introduction HRA or House Rent Allowance is a component of salary provided by an employer to an employee to help them meet the cost of renting a house. It is a popular tax-saving tool for salaried individuals, and the HRA calculation is based on a few factors, such as the employee’s salary and the amount…