Personal Finance Here's how to save tax on house rent allowance Updated : March 19, 2019 11:13 PM IST Subject to certain conditions, HRA can help you reduce your taxable income and pay reduced income taxes. Salaried individuals having an HRA component and staying in rented accommodation can only claim the tax benefit. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.