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Mint Money | Knowledge for your wealth

Mint Money is our daily compilation of distilled insights on wealth, taxes, investing and all things personal finance. Our crack team of money nerds carry the core belief that disciplined, diligent investing over time can lead to genuine wealth creation. Follow our service journalism on time and money. ....

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HRA Exemption Rules: How to save tax on House Rent Allowance

House rent allowance (HRA) tax benefit is available only to salaried individuals who are planning to opt for old tax regime. Further, this tax benefit can be claimed only if they have the HRA component as part of their salary structure and is staying in a rented accommodation. Self-employed professionals cannot avail this deduction. HRA tax exemption is not available under the new tax regime. ....

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