Income Tax on Salaries List of benefits available to Salaried Persons [AY 2020-2021] S. N. Section Particulars Benefits A. Allowances 1. 10(13A) House Rent Allowance (Sec. 10(13A) & Rule 2A) Least of the following is exempt: a) Actual HRA Received b) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi or Madras) c) Rent paid … Continue reading Income Tax – List of benefits available to Salaried Persons – AY 2020-2021