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Update on February 1,2019: The exemption for TDS on house rent increased from Rs 1.8 lakhs toRs 2.40 lakhs. There will also be an exemption on the notional rent of second homes which are self-occupied as well,as per the Interim Budget 2019.

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  • Is House Rent Allowance (HRA) taxable in India?

  • People living in metro cities often enjoy higher exemption from HRA. The amount of exemption may vary depending upon the city in which you reside. Out of the total HRA received, Rs () is exempted from tax and Rs () will be taxable as your salary income. House rent allowance (HRA) is a basic component of your salary.

  • What are the tax exemptions on House Rent Allowances?

  • Even if the employer refuses to provide for the tax benefits of the House Rent Allowances, the employee can claim the HRA tax exemption when he or she files the income tax returns. The exempted monetary amount can be received as the refund of the excess TDS. Tax Exemptions on HRA When the Rent is Paid by More Than 1 Member of the Family:-

  • What is the lowest amount exempted from income tax in India?

  • The lowest amount is mentioned above is Rs 1.08 lakh which will be exempted from the tax. Rest of the amount received will be taxable. Therefore, Rs 72,000 (Rs 1.80 lakh minus Rs 1.08 lakh) will be taxed according to your income slab.

  • Is a tenant liable to pay property tax in India?

  • Ans: No. In certain countries tenants are liable to pay property tax but in India the house owner has to pay the tax. If your house owner is forcing you to pay this amount, then you can sue him in the civil court.