Question

Section 10 (13 A) of Income Tax Act is
related to ---
# Tiffin Allowance
# House Rent Allowance (HRA)
# City Compensatory Allowance
# Dearness Allowance​

Answer 1

Answer:

A deduction is permissible under Section 10(13A) of the Income Tax Act, in accordance with Rule 2A of the Income Tax Rules. ... For Mumbai, Kolkata, Delhi or Chennai, the tax exemption on HRA is 50 percent of the basic salary, while for other cities it is 40 percent of the basic salary.