Many of us get House Rent Allowance (HRA) as part of our monthly salary. HRA gives us tax deduction under Section 10(13A) of the Income Tax Act. Employees staying in Tier-1, Tier-2 and Tier-3 cities ...

HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as taxable income, the Income Tax Act allows a portion of it to be claimed as ...

There are certain conditions that should be met if a taxpayer wants to avail the benefits of HRA exemption. Let’s understand in depth who can avail the benefits of HRA exemption and how to calculate ...

HRA tax exemption rules offer benefits under specific conditions in the Income-tax Act, 1961. It provides tax-saving opportunities for employees living in rented accommodation under the old tax regime ...

the next time you are drafting down a rent agreement for your property, remember, it can save your tax. Here are the nuts & bolts of HRA exemption and the role of rent agreement in the same NEW DELHI: ...

Nirmala Sitharaman, the finance minister, made some adjustments to the personal tax structure in the union budget of 2023 to improve its appeal to salaried taxpayers who will be filing income tax ...

EY’s Pre-Budget Wishlist for Union Budget 2024 calls for including tier-2 cities like Hyderabad, Pune, Bengaluru, Ahmedabad, and Gurgaon in the list of metro cities for HRA exemption calculation (from ...

House Rent Allowance (HRA) Calculation 2023: Salaried employees living in rented accommodation can claim HRA exemption against the rent paid in a financial year. This facility is not available to ...