Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
12 Jun, 2026, 07.11 AM IST
Income Tax Act 2025: New rules to kick in from April; why you should recalculate before deciding between old and new tax regimesWith the overhauled Income Tax Act taking effect from 1 April, taxpayers must prepare for new rules—and the renewed old vs new tax regime d...
30 Mar, 2026, 11.10 AM IST
CBDT notifies new Income Tax rules; HRA benefits enhanced, disclosures tightenedNew Income-tax Rules for 2026 are now in effect. These rules will bring the Income-tax Act of 2025 to life starting April 1, 2026. Complian...
20 Mar, 2026, 04.37 PM IST
Good news for salaried employees in these cities as they can get higher HRA exemption; disclosure of relationship with landlord a must as Income Tax Rules 2026 notifiedNew Income Tax Rules, 2026, offer higher HRA tax exemptions for salaried individuals in eight major cities, including Mumbai, Delhi, and Be...
20 Mar, 2026, 03.30 PM IST
Claiming HRA? Salaried taxpayers need to disclose their relationship with the landlord in draft income tax rules 2026; know what precautions to takeNew draft tax rules for 2026 will require salaried individuals claiming House Rent Allowance to disclose their relationship with their land...
26 Feb, 2026, 11.16 AM IST
New ITR Utility: Is landlord’s PAN card needed for claiming HRA while filing income tax return?Rent HRA: The income tax department has released new excel and online utilities for ITR-1 and ITR-4. However, in the new excel utilities ta...
10 Jun, 2025, 10.48 AM IST
ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should knowThe income tax department has introduced enhanced validation rules in the ITR filing utility for FY 2024-25 (AY 2025-26), primarily affecti...
06 Jun, 2025, 12.09 PM IST
Latest HRA tax exemption rules: Step-by-step guide on how to save income tax on house rent allowance under old income tax regimeHRA tax exemption rules: The HRA tax exemption reduces the total salary before calculating taxable income, helping employees save on taxes....
15 Jul, 2024, 12.51 PM IST
Paying rent in cash without a rent receipt? Know why your HRA claim may be rejected, and you may get an income tax noticeHouse rent allowance: Tenants will get into trouble with the income tax department if they are paying rent in cash and the landlord does no...
08 Jun, 2024, 06.43 PM IST
6 lesser-known facts of HRA tax exemptionHouse Rent Allowance is an important component of your salary and hence it is important that you know certain key aspects of it so that you...
07 Feb, 2024, 12.47 PM IST
Claiming HRA tax exemption in different rental situationsHere are 3 scenarios young earners are likely to face while claiming tax exemption on HRA and how they can deal with these.
25 Feb, 2021, 03.23 PM IST
Will Budget 2018 bring tax relief on rent for self employed on par with HRA exemption?Section 80GG allows self-employed paying rent for the house to lower their tax outgo. However, in comparison to the HRA exemption tax benef...
19 Jan, 2018, 10.38 AM IST
Submission of investment proofs: What should individuals do from a tax perspective?TDS is computed on the estimated annual salary at the beginning of the fiscal year and accordingly withheld on a monthly basis.
22 Jan, 2016, 04.08 PM IST
Filing tax returns? Ways to avoid errors or invite a tax noticeThe tax authorities are seeking more information about your income and expenses in the new forms introduced this year.
12 May, 2014, 09.31 AM IST
Income Tax department puts HRA exemption under scannerSalaried taxpayers who claim HRA exemption will now have to report their landlord’s PAN if the total rent in a year exceeds Rs 1 lakh.
21 Oct, 2013, 05.03 PM IST
- Computing tax exempt portion of your HRA
The exemption applicable to house rent allowance (HRA) is covered under Section 10 (13A) of the Income-Tax Act. Normally, it is a part of t...
21 Feb, 2007, 03.38 AM IST
- How to claim HRA and home loan benefits
In the final part on housing loans, Shalini Jain and Chander Talreja from Ernst & Young explain what the rules are relating to claim of HRA...
04 Dec, 2006, 02.12 AM IST