New draft income tax rules for 2026 suggest higher limits for several allowances. Taxpayers in the old tax regime can save more income tax ...

Taxpayers in Bengaluru, Hyderabad, Pune, and Ahmedabad can soon benefit from increased house rent allowance tax relief. The government prop...

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...

The House Rent Allowance (HRA) continues to offer an advantage to the old tax regime, despite the new regime's lower tax liability in some ...

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

Documents for HRA tax exemption: To claim HRA from their employers, many salaried employees usually use either rent receipts or rent agreem...

Form 16 is a basic document required to file the income tax return by salaried individuals. It may happen that individuals have switched jo...

Irrespective of whether you have already bought a home or are living on rent but planning to buy a house, there is a good likelihood that y...

Here is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.

The exemption for House Rent Allowance is denied to employees if he or she occupies a house which is owned by them or there is no actual pa...

To see if the new regime is beneficial, each individual will have to make their own calculations.

The return filing forms notified by the CBDT for the assessment year 2018-19 require you to provide a detailed break-up of your salary.

You can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your t...

Nothing in this world is certain except for death and taxes, a saying goes. However, you can soften the blow from the latter, completely le...

The budget proposes to restrict the loss on house property that can be deducted from 'other heads of income' such as 'salary income' to Rs ...

If your employer does not give you HRA, deduction for rent paid by you is available from gross taxable income, subject to various limits.

Tax exemptions can be used to save taxes on housing loans & HRA.