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Initial furnishing costs often range between Rs 1.5-2 lakhs, equivalent to 8-10 times their monthly salaries.In response to these financial pressures, many professionals are opting for rental furniture and appliances instead of outright purchases.

Rental options offer greater flexibility and affordability, making them particularly appealing to individuals who frequently relocate for work.

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peer to peer investment opportunities for beginners ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!These trends highlight the growing reliance on rental services to meet the needs of a transient, cost-conscious workforce.While the government revises income tax slabs regularly, provisions under House Rent Allowance (HRA) need to evolve with the changing needs of a mobile workforce.

Recognizing furniture and appliance rentals as part of HRA exemptions could provide much-needed financial relief and align tax laws with the realities of today’s urban professionals.HRA is one of the most common allowances received by salaried employees in both the private and government sectors.

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However, these exemptions are restricted to rental payments for housing and do not extend to furnishing.

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Consequently, many employees are left with no choice but to rent unfurnished properties and shoulder the additional costs of furnishing them.peer to peer investment opportunities for beginners Stock Trading Made Easy: Grow Your Wealth Today