Creche allowance: These employees can get minimum Rs 500 per month for each child under new central govt labour code rulesNew central government labour code rules offer a creche allowance of at least Rs 500 per month per child for two children. This benefit app...
22 May, 2026, 12.54 PM IST
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
13 May, 2026, 04.59 PM IST
Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...
24 Apr, 2026, 07.01 AM IST
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
20 Apr, 2026, 06.30 AM IST
Choosing the right NPS annuity: Why expenses, behaviour, and risk tolerance matter for retirement incomeThe National Pension System's exit rule eased, allowing more flexibility with annuity purchases. Retirees must carefully decide how much to...
20 Apr, 2026, 06.30 AM IST
From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...
15 Apr, 2026, 03.45 PM IST
Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
13 Apr, 2026, 02.36 PM IST
Income Tax Calculator 2026: Compare your income tax liability on Rs 15L, Rs 20L, Rs 30L and Rs 50L CTC under new vs old tax regimeThe Income Tax Rules, 2026 introduce significant benefits for salaried employees, including expanded HRA and meal card tax advantages. Thes...
07 Apr, 2026, 07.57 AM IST
Big tax savings in old tax regime: Monthly hostel allowance of Rs 9,000; savings of Rs 89,000 on Rs 15 lakh salary, check the impact of draft income tax rules 2026New draft income tax rules for 2026 suggest higher limits for several allowances. Taxpayers in the old tax regime can save more income tax ...
12 Feb, 2026, 11.28 AM IST
What are the tax exemption limits for allowances, reimbursements paid to employees? Find outHere are the tax-exemption limits for various allowances that are recived by employees. Do note that these allowances are partially or full...
04 Mar, 2022, 02.49 PM IST
Salary components: Trades and tactics to useHRA is the most common CTC component. Those staying in rented accommodation can avail of an exemption against the HRA received and only the...
22 Feb, 2021, 03.36 PM IST
Changing jobs? Protect yourself financially by using this checklistCheck tax benefits in terms of tax-deductible allowances offered. If the taxable component of your salary is higher than in the previous jo...
22 Jan, 2021, 10.05 AM IST
Got a pay cut? You may still be taxed on your original CTCIf a pay-cut is not reflected in the components of your salary, you may still be taxed on your original CTC.
21 May, 2020, 05.59 PM IST
How to fill salary details in ITR1 for FY 2017-18Not all of the amount received as salary is fully taxable. A part of it will be fully exempt from tax and a part of it will be partially ex...
31 Aug, 2018, 10.28 AM IST
How to structure your salary to save taxPay attention to your pay structure to get more in hand and pay less taxes.
05 Sep, 2016, 06.30 AM IST
Budget 2015: How tax benefits can boost your take-home payIf your employer does not give you HRA, deduction for rent paid by you is available from gross taxable income, subject to various limits.
01 Mar, 2015, 02.59 PM IST
ET Wealth: Smart things to know: Tax deduction on HRAHRA forms a part of the salary structure offered to an employee. If one uses the tax benefits available on this component, it helps increas...
09 Jul, 2012, 07.06 PM IST