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HRA under Section 10(13A) under default regime is:
AAvailable with conditions (per relevant Section)
BNot available
CAvailable only for metros
DAvailable only for salary above Rs. 50 lakhs
Answer & Solution
Correct answer: B. Not available
1. Default regime under Section 115BAC excludes most exemptions/deductions.
2. HRA exemption under Section 10(13A) is NOT available.
3. Std deduction (Rs. 75,000 FY24-25), NPS employer under 80CCD(2), and a few others ARE available.
_Source: ICAI BoS CA Final Paper 7, Ch 9 "Assessment of Various Entities"_
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