Claiming Both HRA and 80GG: Understanding the Tax Benefits for Salaried Individuals
The Indian tax system offers various deductions and exemptions to reduce the tax liability of individuals. Two such provisions that often confuse taxpayers are the House Rent Allowance (HRA) and Section 80GG. While HRA is a component of the salary that is exempt from tax to a certain extent, Section 80GG provides a deduction for … Read more