Can You Legally Save Tax by Paying Rent to Your Parents?
Yes—you can! But only if you meet the Income Tax Department's conditions.
Many salaried individuals are unaware that paying genuine rent to their parents can help them claim House Rent Allowance (HRA) under the old tax regime. However, the arrangement must be legitimate, backed by proper documentation, and the rental income must be reported by your parents in their Income Tax Return. Proper rent agreements, rent receipts, and bank transfers are essential to support your claim.
Our latest blog explains: ✔️ Who is eligible to claim HRA ✔️ Documents required ✔️ Common mistakes to avoid ✔️ Tax implications for parents ✔️ Tips to ensure your claim is compliant
📖 Read the complete guide and make informed tax-saving decisions the right way!
Can I Claim Rent Paid to Parents for Tax Benefits? | Scenario.press...
