Income Tax Know-how

House rent allowance (HRA) or company leased accommodation?

Find out the difference between the two systems as far as income tax deductions are concerned

In today’s times, employers are ready to go that extra mile to hire the right talent, whether from another city or another country. It is not uncommon for the employer to provide various incentives to attract the right talent and encourage them to relocate to another city. One such incentive could be free housing for the employee and her family. Often, the employee identifies the house of her choice and the employer agrees to pick up the cost of the house rent.

This article was originally published on February 09, 2017.


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