The answer to that is yes. House Rent Allowance is a fixed amount of money segregated as a part of your salary by your employer for the accommodation you may have rented out. It's a measure to aid in tax savings.
As a buyer, income tax exemption on both house rent allowance (HRA) and repayment of a home loan is possible under certain conditions. Understanding these provisions can significantly reduce your tax liability and make your home purchase even more financially rewarding.