House Rent Allowance {HRA} | Meaning & Definition | Akrivia HCM

House Rent Allowance { HRA } is the monthly amount provided by the company to its onsite employees who live at their employer’s residence. HRA helps save additional monthly rent required by an employee to rent a different place of residence in proximity to the workplace. In other words, it provides a form of compensation for an employee to subsidize their housing expenses when they reside near the place of work.

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