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...
06 May, 2026, 07.33 AM IST
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...
05 May, 2026, 05.27 PM IST
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...
23 Feb, 2026, 12.42 PM 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
HRA exemption queries: Is HRA available under new tax regime? Can you claim it along with your home loan? How to calculate the exemption?HRA tax exemption rules: The start of the financial year means informing your employer about the preferred tax regime. Many individuals are...
17 Apr, 2025, 05.25 PM IST
Income Tax: Can you claim HRA tax exemption for society maintenance charges also?Usually, an employee's salary structure has HRA as one of its components. A salaried employee can claim tax exemption on HRA if he/she live...
26 Mar, 2025, 12.12 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
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...
26 Jun, 2024, 11.33 AM IST
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 ...
01 Apr, 2024, 10.43 AM IST
House rent allowance (HRA): Eligibility, calculation, how to availTo qualify for tax benefit on HRA, the individual should be a salaried employee, should reside in a rented accommodation and pay rent. Here...
19 Feb, 2024, 06.30 AM IST
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...
19 Jun, 2023, 01.26 PM IST
How to file income tax return with two or more Form 16sForm 16 is a basic document required to file the income tax return by salaried individuals. It may happen that individuals have switched jo...
14 Jun, 2023, 01.41 PM IST
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.
01 Feb, 2023, 04.29 PM IST
Want rent receipt as investment proof to give to employer? Here is helpIf a tenant has paid the rent for a year, the House Rent Allowance (HRA) related proof is one of the documents that must be submitted.
16 Jan, 2023, 12.07 PM IST
80% may switch income tax regimes: GovernmentUnder the new regime proposed in the Budget, allowances such as HRA and LTA will be added to the income and taxed. Currently, these allowan...
05 Feb, 2020, 11.55 AM IST
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.
31 Aug, 2019, 11.28 AM IST
- DTC may end up as a zero-sum game
While you may lose out on LTA exemptions & HRA computations remain hazy, the salaried can draw solace from higher medical & retirement bene...
07 Sep, 2010, 01.58 PM IST