-
Digital Natives
Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven…
-
Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We…
-
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise…
-
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing…
-
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant…
-
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government…
-
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and…
-
Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex…
-
Indirect Tax Services
Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and…
-
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country…
-
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
-
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted…
-
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
-
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical…
-
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations,…
-
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help…
-
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to…
-
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in…
-
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
-
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our…
-
Related Party Transactions Governance
Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency,…
-
Family Offices & Private Client Services
Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and…
-
GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth…
-
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
-
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
-
Unlocking opportunities: India investment roadmap
The India Investment Roadmap resource is designed to navigate the complexities of Indian tax and regulatory laws, providing seamless guidance and a…

-
Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced…
-
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard…
-
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
-
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective…
-
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.

-
Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with…
-
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with…
-
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and…
-
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the…
-
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions.…
-
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including…
-
Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support,…
-
Financial Statement Audit and Attestation Services
Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global…

- Agriculture
- Asset management
- Automotive and EV
- Aviation
- Banking
- Education and ed-tech
- Energy & Renewables
- Engineering & industrial products
- FinTech
- FMCG & consumer goods
- Food processing
- Gaming
- Healthcare
- Urban infrastructure
- Insurance
- Media
- Medical devices
- Metals & Mining
- NBFC
- Pharma, bio tech & life sciences
- Real estate and REITs
- Retail & E-commerce
- Specialty chemicals
- Sports
- Technology
- Telecom
- Transportation & logistics
- Tourism & hospitality
-
Thought leadership Co-lending in India: Expanding credit access for MSMEsIn today’s rapidly evolving financial landscape, co-lending has emerged as a key enabler of credit expansion in India, facilitating partnerships between banks and non-banking financial companies (NBFCs) to extend credit more efficiently to underserved segments.
-
Article Why India’s financial inclusion journey needs to focus on equity and access to creditFinancial services have expanded over a decade, giving millions access to bank accounts and digital payments. But true empowerment needs to reach every corner of the country if growth is to be long-term and sustained
-
Thought Leadership Competitive and sustainable agriculture & food processing in KeralaThe economy of Kerala is primarily driven by the services sector, which contributes 66% to the Gross State Domestic Product (GSDP).
-
Article Economic Survey 2024-25: Deregulation, investment and innovation for a Viksit BharatIndia's economic growth remains for a steady trajectory with real GDP expected to grow at 6.4% in FY25 and in the range of 6.3%-6.8% in FY26, reflecting resilience despite global uncertainties.
-
India-UK
India-UK

HRA is a component received by salaried taxpayers to bear the rental payment of the hired premises. It is allowed as an exemption from taxable salary under section 10(13A) of the Income-tax Act, 1961 (the Act) on satisfaction of several conditions. However, if a taxpayer does not pays rent or live in a rented accommodation, the HRA allowance is treated as fully taxable.
A taxpayer can claim the exemption of HRA if the following conditions are satisfied:
- The taxpayer is a salaried employee;
- HRA is received as a part of the salary;
- The taxpayer resides in a rented accommodation and pays rent;
- Proof of rent in form of rent receipts or rental agreement is made available to the employer for claiming exemption purposes;
- If the rent paid by the employee is more than INR 1,00,000 per annum, it is mandatory for taxpayer to declare the landlord’s PAN to his employer.
The amount of HRA exemption available in a financial year (FY) shall be the least of the following:
- Actual house rent allowance received; or
- Rent paid less 10% of the basic salary; or
- 40% of basic salary (50% for rented accommodation in Delhi/Mumbai/Kolkata/Chennai).
Tax benefit on the Home Loan paid
The home loan (EMI) comprises of two parts i.e., principal repayment and interest component. To encourage the taxpayers to invest in housing loan with a dream to provide a housing to all Indian citizens, the government has provided the multiple tax benefits for housing loan.
The interest portion of the EMI paid for a FY can be claimed as a deduction from taxpayers’ total income up to a maximum of INR 2 lakh under section 24(b) of Act. Further, the principal portion of the EMI paid for the year is allowed as a deduction under section 80C up to INR 1.5 lakhs.
In order to claim such deduction, the taxpayer should submit the interest certificate from the bank or financial institution to the employer, specifying the break-up of interest, pre-acquisition interest paid (if any) and the principal amount for a financial year.
How can taxpayer claim the benefit of HRA and Home Loan tax benefit together in the same financial year?
As a straightforward mechanism provided under the Indian Income Tax, taxpayer is not eligible to claim the benefit of HRA exemption if he owns a house property where he is claiming the deduction of Interest on home loan paid as well.
However, homeowners who are paying their home loan and receiving HRA as part of their salary, can avail both the house property-related tax benefits in certain situations.
Possible few scenarios wherein taxpayers can avail the benefit of HRA and deduction for home loan simultaneously:
- Owning a house property and living in another rented house owing to his work or any other eligible reason:
In case the owned premise and rented accommodation are in different cities, the taxpayer can claim the benefit of both i.e., exemption of the HRA received from the employer as well as the deduction of interest/principal paid on the on-going home loan for the self -owned property.
However, in case the owned premise and rented accommodation are located in same city, he can claim the benefits of HRA exemption and deduction of interest/principal on home loan taken wherein there is a genuine reason for not staying in the owned premise. - When the taxpayer’s house is under construction and is living in a rented accommodation (same/different city):
The taxpayer is eligible to claim both the benefits of HRA and interest component of home loan pertaining to the under-construction house.
Interest component paid while the residential house is under construction is known as pre-construction interest. The interest paid during the period from the date of borrowing the money to 31st March before end of the financial year in which construction is completed can be claimed as deduction u/s 24(b) in five equal instalments. The instalments can be claimed as deduction starting from the financial year in which construction is completed along with claiming the HRA exemption. - When the taxpayer is renting his own house and living on rent elsewhere:
Wherein the person has rented out his own house and is living in some other rented property, he is still eligible to claim the benefits of HRA and interest/principal paid on home loan. However, he should disclose his rental receipts from the let-out property while calculating his taxable income.
To summarize, salaried employees receiving HRA as a part of their salary and paying installments towards the home loan are allowed to avail the benefit of both the HRA exemption and interest/principal repayment deduction on the home loan subject to fulfillment of the scenarios mentioned above. In case the return is picked up for scrutiny at later stage of assessment, the taxpayer may have to substantiate both these deductions to Income tax officer (if questioned).