House Rent Allowance

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New finance act: The draw back for buyers on withdrawal of tax nudges

The revised new tax regime has develop into the default regime with impact from 1 April, and long-term capital features...

3 min read

HRA Calculator: Exemption guidelines to say House Rent Allowance (HRA) in FY23

Nirmala Sitharaman, the finance minister, made some changes to the non-public tax construction within the union finances of 2023 to...

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7 allowances and their tax advantages to recollect when submitting ITR for AY 2024-23

Allowances are like monetary advantages {that a} salaried worker receives from his employer which helps the previous in decreasing its...

3 min read

How to assert HRA on lease paid to folks

Is a lease settlement needed for claiming home lease allowance (HRA) exemption if you happen to pay lease to your...

1 min read

How to calculate HRA exemption

House hire allowance or HRA is a tax exemption accessible to people as a part of their wage bundle. The...

4 min read

Gratuity: Eligibility, calculation, revenue tax and different guidelines it is advisable to know

The revenue tax legal guidelines exempt gratuity: for some it's totally tax-free whereas for some it's tax-free to sure extent....

2 min read

HRA and earnings tax profit – When you possibly can declare it

Question: I reside in a property singly owned by mom. I pay hire to her and have been claiming declare...

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Can a taxpayer declare revenue tax profit on each house mortgage and HRA?

A salaried particular person submitting Income Tax Return (ITR) usually finds it complicated whether or not they can declare revenue...