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If you live in a Rented House you are eligible for something called House Rent Allowance and this has tax benefits. If you check out your salary packageclosely, the will be something called "HRA" or "House Rent Allowance" that is part of your monthly salary along with other components like Basic Salary,Provident fund etc. If you dont have HRA as part of your salary, you need to discuss with the finance department of your office and make sure to allocate a decent chunk of your salary into the HRA Bucket.

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11y ago

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