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HRA EXEMPTION
Bengaluru techie with Rs 18 lakh salary paying Rs 25,000 per month to wife as house rent to save tax, sparks debate onlineA Bengaluru IT employee's clever tax-saving plan is causing a stir online. He pays rent to his wife for a home she owns, aiming to reduce h...
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 ...
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...
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...
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...
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...
Income Tax Rules 2026: These cities get higher HRA tax exemption from April; check full list
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...
Good news for taxpayers in old tax regime: Higher HRA benefits extended to these new cities in new draft Income Tax Rules, 2026Taxpayers in Bengaluru, Hyderabad, Pune, and Ahmedabad can soon benefit from increased house rent allowance tax relief. The government prop...
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...
5 HRA tax exemption proofs you must have in case income tax dept asksHRA tax exemption documents, proofs: House Rent Allowance (HRA) is generally part of an individual's salary structure. To save tax on rent ...
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...
How to claim HRA under old tax regime while filing ITRAn individual can save tax on the HRA amount received from employer if they have lived in rented accommodation during the previous financia...
HRA exemption rules: Were there any changes announced in house rent allowance in Budget 2023?An individual can claim tax exemption under section 10(13A) of the Income-tax Act, 1961. Usually, HRA is part of the CTC of an employee.
How much of HRA is tax-exempt?How much of HRA is tax-exempt?
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.