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HRA EXEMPTION LIMIT
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
- New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
- Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
- Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
- Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both reg...
- 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...
- New Income Tax rules, 2026 notified: From HRA to company car to meal card, top six prominent changes which will impact salaried taxpayersThe Income Tax Rules, 2026 have been notified, introducing significant changes for salaried taxpayers. Key updates include revised motor ca...
- 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...
- Higher HRA, bigger deductions? Why the old tax regime may work only for select salaried taxpayersNew draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may find the old re...
- Will increased tax deduction for children hostel allowance, revised HRA be given to taxpayers in new income tax regime also? Know what draft income tax rules, 2026 sayNew draft income tax rules suggest changes to house rent allowance and child hostel allowance benefits. Cities like Bengaluru and Pune may ...
- HRA vs housing loan; which one saves you more income tax after Budget 2026?Let us understand which out of HRA and home loan can save you more tax after Budget 2026. House Rent Allowance (HRA) is a tax break which s...
- HRA alone saves more income tax in old tax regime for many salaried taxpayers; why Budget 2026 should increase its limits and scopeThe House Rent Allowance (HRA) continues to offer an advantage to the old tax regime, despite the new regime's lower tax liability in some ...
- Bengaluru is not a 'metro': Centre refuses to grant metro status to India's IT capital. Here's whyThe Central government has declined to grant 'Metro' status to Bengaluru, affecting the higher HRA tax exemption that residents desire. Uni...
- 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....
- Budget 2024 HRA Exemption: Will Bengaluru, Hyderabad, other non-metro cities be included in 50% HRA tax exemption list?Budget 2024 HRA Exemption: Many employers offer an HRA as part of their employees' compensation. If an employee receiving HRA is paying ren...
- HRA Exemption Rules: How to save income tax on house rent allowance under old tax regimeHouse rent allowance (HRA) tax benefit is available only to salaried individuals who are planning to opt for old tax regime. Further, this ...
- Filing ITR? Here's how to claim HRA exemptionThe return filing forms notified by the CBDT for the assessment year 2018-19 require you to provide a detailed break-up of your salary.
- Can you claim HRA tax exemption for rent paid to spouse? Here's what experts sayA taxpayer is entitled to claim HRA exemption for rent paid to his or her spouse provided there is documentation to prove that the arrangem...
- New rule lowers HRA exemption claim limitThe central government has lowered the exemption limit for reporting the rent received.
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