In India, one of the biggest factors that any family or earning person has to think about is house rent, which also forms one of the biggest expenses from a person’s monthly salary.
In fact, almost thirty percent of your salary is lost in paying just rent and associated payments! As long as you don’t have a house or property of your own, rent paid on having a roof over your head is a big headache, and the rent can range from four-digit figures all the up to the higher five-digit ones!
Of course, various other factors like which city you live in, which area in said city, the kind of house taken and the number of people sharing the rent plays a role on deciding this value. But there is a process – the house rent allowance – that allows you to save on rent paid. Here are 6 things you need to know about house rent allowance you should be aware of.
