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Wondering if You Can Pay Rent to Your Parents?

The Simple Answer is – YES

What is the Advantage of Paying Rent to Your Parents? By Paying Rent You Can Claim Tax Deductions Under HRA

HRA (Home Rent Allowance) is Provided by Your Employer

  • It is Part of Your Salary Compensation
  • You Must Provide Rent Receipts
  • Can be Claimed on Rent Paid to Parents

HRA Cannot be Claimed if You Already Claim Rent Deductions u/s 80GG

A Quick Run Down of How to Claim Tax Deductions on HRA