Salary & Perquisites Hacks
medium
medium risk
Ongoing
1 min read
Updated 2025-10-30
Rent to Parents Strategy
Claim HRA while parents show rental income with deductions
Potential Savings
₹1-2 lakhs annually
Time Required
Ongoing
Complexity
medium
Legal Status
fully legal
Applicable to:
Salaried
What is This Hack?
Pay rent to parents with proper agreement and bank transfer to claim HRA while parents show rental income with 30% standard deduction benefit
Key Benefits
- Potential savings: ₹1-2 lakhs annually
- Implementation time: Ongoing
- Legal status: fully legal
- Risk level: medium
Important Considerations
This hack has a medium risk level. While it's completely legal, proper implementation requires careful attention to compliance requirements. Consider consulting a CA for personalized guidance.
Related Topics
hra
rent
parents
tax planning
salary