Big Relief for Salaried: HRA Exemption to Increase in More Cities

• Government proposes to expand HRA exemption list under Old Tax Regime.
• Bengaluru, Hyderabad, Pune, and Ahmedabad may get 50% HRA exemption status.
• This would bring total 8 cities, including Mumbai, Delhi, Kolkata, Chennai, under 50% HRA exemption.
• The change aims to address rising rents in tech and startup hubs, making HRA rules more relevant.
• Benefit applies only to salaried individuals opting for the Old Tax Regime.