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HRA TAX FREE
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 ...
8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fixRailway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum sal...
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...
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...
Income tax calculator 2026: How much tax you’ll pay on income of Rs 15 lakh, Rs 30 lakh or Rs 50 lakh under existing vs proposed income tax rules 2026New draft income tax rules for 2026 are set to change how salaried employees are taxed. Calculations reveal significant potential tax savin...
Rs 20 LPA salary? Save up to Rs 1.25 lakh under old tax regime as per new draft income tax rules 2026Proposed 2026 Income Tax Rules could significantly benefit salaried individuals under the old tax regime. Key changes include expanded HRA ...
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 ...
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 ...
Tax savings tips: NPS, new tax regime can save nearly Rs 1 lakh tax for this Hyderabad professionalBig tax savings are possible if his company offers Kumar the NPS benefit. Under Section 80CCD(2), up to 14% of the employee’s basic salary ...
Rent to parent, NPS could save Bengaluru finance professional up to Rs 1.8 lakh taxTaxSpanner estimates that Rao can reduce her tax by Rs.1.8 lakh if she claims exemption for HRA, her company offers her the NPS benefit and...
Tax-saving tips: Rent to father makes HRA tax-freeSudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Tax-saving tips: HRA tax-free after rent to parent; how to reduce tax outgo by Rs 83,264Gupta can reduce his tax by more than Rs.83,000 if he claims HRA exemption by paying rent to his father, if his company offers him the NPS ...
How HRA, NPS can help you save tax of Rs 1.9 lakhSudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
How salary perks, NPS can save Rs 1 lakh in income taxOne reason for high tax is the low exemption for the HRA component in his salary. Up to 10% of the basic salary put in the NPS on behalf of...
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.
Tax optimiser: Kumar can reduce tax by up to Rs 1.4 lakh by paying rent to mom, tax free perks, NPSET Wealth tells readers how individuals can reduce their income tax outgo by rejigging their income (Salary structure) and investments.
Tax Optimizer: Why salaried Verma should get employer to stop HRA to save taxTaxspanner estimates that Sujeet Verma can reduce his tax by more than 50 per cent if his salary structure is tweaked a bit.
How Chennai-based Saxena can save Rs 1.9 lakh by taking a home loan,investing more in NPSSudhir Kaushik of Taxspanner.com advises readers on how to restructure their income, investments and expenses to optimise their tax.
How dividing rent between spouses can multiply tax gainsIf both you and your spouse are eligible for HRA as part of your salaries, it may work out better if you split the claim.