House Rent Allowance (HRA) is one of the most common allowances received by salaried individuals. Those who live in rented ...

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Here are the tax slabs, deductions, and rebates for the financial year 2024-25 or the assessment year 2025-26.

There are currently two regimes running for depositing tax in the Income Tax Department. One of these regimes is known as the ...

HRA can save enough tax under the old regime under certain conditions. Foremost, the HRA should be a big chunk of the cost to company (CTC). The HRA exemption that can be claimed is typically ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...

The new tax regime, introduced in 2020 and made the default system in 2023, has often been perceived as offering fewer ...

If you live in a rented house and receive a House Rent Allowance (HRA), claim a deduction under Section 10 (13A). If you don’t get HRA but pay rent, Section 80GG allows a deduction of up to Rs ...