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Terms starting with "H"

2 terms found

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House Rent Allowance Income Tax

A salary component that allows salaried employees living in rented accommodation to claim tax exemption. The exemption is the least of: actual HRA received

HSN Code GST

Harmonised System of Nomenclature — a globally standardised 6-to-8 digit code used to classify goods under GST. Businesses with turnover above ₹5 crore must mention the 6-digit HSN code on all invoices. Helps determine the applicable GST rate for a product.