Many of us get House Rent Allowance (HRA) as part of our monthly salary. HRA gives us tax deduction under Section 10(13A) of the Income Tax Act. Employees staying in Tier-1, Tier-2 and Tier-3 cities ...

HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as taxable income, the Income Tax Act allows a portion of it to be claimed as ...

Monthly Salary Calculations: For the salary calculation of a central government employee, their basic pay, dearness allowance (DA), house rent allowance (HRA), and travel allowance (TA) are taken into ...

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

Nirmala Sitharaman, the finance minister, made some adjustments to the personal tax structure in the union budget of 2023 to improve its appeal to salaried taxpayers who will be filing income tax ...

Are you living in a rented house? You can exempt your rent payment from the taxable income while paying your taxes at the end of every financial year. The rent you pay every year can be adjusted to ...

During the peak of the pandemic and even now, work from home has become a reality for many of us and it is indeed difficult to work efficiently from small spaces. Sounds from the kitchen, kids' ...

the next time you are drafting down a rent agreement for your property, remember, it can save your tax. Here are the nuts & bolts of HRA exemption and the role of rent agreement in the same NEW DELHI: ...