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HRA exemption: Are you eligible if rent paid to your father?

HRA exemption: Are you eligible if rent paid to your father?

Wed, Jun 07, 2023

Proper documentation and adherence to regulations are crucial when claiming HRA exemption for rent payments made to parents.

How to claim HRA even when living with parents and other lesser-known facts

How to claim HRA even when living with parents and other lesser-known facts

Wed, Feb 22, 2023

House rent allowance: Self-employed and salaried individuals who do not receive an HRA can claim an exemption for the rent under Section 80GG of the Income Tax Act.

Ministry Of Finance Is Preparing To Increase The Scope Of Exemption In HRA

Ministry Of Finance Is Preparing To Increase The Scope Of Exemption In HRA

Mon, Jan 09, 2023

Ministry of Finance is preparing to increase the scope of exemption in HRA. The discount available to the people of metro cities is also possible for other cities. Know the full news from Tarun Sharma.

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What is Income Tax Section 80C here know how you can save Tax under it

What is Income Tax Section 80C here know how you can save Tax under it

Wed, Jun 01, 2022

Under Section 80C, a taxpayer can lower their overall taxable income by a maximum of Rs 1.5 lakh per year. As there is a limit of Rs 1.5 lakh per year, most taxpayers wish to reduce their taxes. here know What is Income Tax Section 80C.

LTC to HRA - First Time, Big Benefits soon for thousands of these government employees!

LTC to HRA - First Time, Big Benefits soon for thousands of these government employees!

Mon, Aug 12, 2019

Big benefits await government employees, including police personnel, of the newly created Union Territories of Jammu & Kashmir and Ladakh.

How to save Income Tax: HRA calculation made easy with this tool - Get answers of all your queries

How to save Income Tax: HRA calculation made easy with this tool - Get answers of all your queries

Wed, Feb 20, 2019

Income Tax Calculator: The current Financial Year is about to end in a month. With this, most of the salaried individuals are also concerned about how to save income tax. If you see your salary slip, you will find a major portion of your salary is categorised under House Rent Allowance (HRA).

Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more

Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more

Tue, Mar 13, 2018

Income Tax Returns (ITR) filing: When you use gift as a tool to save the income tax, then you need to be very careful. If you make any mistake in understanding the provision, then it could result in clubbing of income and you may need to pay tax on such transaction. You must discuss with your tax advisor/CA before using the ‘gifting’ provision to save the tax.

Income Tax Returns (ITR) filing: Check out this big HRA, home loan tax deduction benefit surprise

Income Tax Returns (ITR) filing: Check out this big HRA, home loan tax deduction benefit surprise

Thu, Mar 01, 2018

Income Tax Returns (ITR) filing: In case you have purchased a residential property on loan, but you live in another home which you pay rent for, you can claim available tax benefit for HRA as well as against the Home Loan. The condition however, is that both rented and owned property should be in different cities.

7th Pay Commission: Will 2018 bring cheers for Central government employees?

7th Pay Commission: Will 2018 bring cheers for Central government employees?

Tue, Jan 02, 2018

Union Cabinet in June 2017 approved the recommendations of 7th Pay Commission on Allowances with 34 modifications.

Know your options for tax savings as the financial year is coming to an end

Know your options for tax savings as the financial year is coming to an end

Fri, Dec 22, 2017

Only three months are left for the financial year to end and this is the high time that you plan your tax savings. Let's have a look of some of the ways that can help you save your income tax.

7th Pay Commission: Confusion prevails over hike in minimum pay, fitment factor demand

7th Pay Commission: Confusion prevails over hike in minimum pay, fitment factor demand

Tue, Nov 21, 2017

It has been more than a year now and the Central government is yet to settle the minimum pay scale issue. The recent report suggests that fitment factor and pay scale issues would not be considered in anomaly.

7th Pay Commission: Find out your salary according to Pay matrix for PSU employees

7th Pay Commission: Find out your salary according to Pay matrix for PSU employees

Sun, Aug 06, 2017

Ministry of Personnel in a notification said that post 7th Pay Commission implementation, the grade pays have been replaced by pay matrix for PSU employees.

7th Pay Commission: Central government employees shows dissatisfaction on revised allowance

7th Pay Commission: Central government employees shows dissatisfaction on revised allowance

Mon, Jul 24, 2017

Standing Committee of National Council(JCM) with the Additional Secretary, Department of Expenditure, held a meeting today to discuss the issues arising after the implementation of 7th Pay Commission.

7th Pay Commission: Latest updates on your revised salary, arrears, HRA and DA

7th Pay Commission: Latest updates on your revised salary, arrears, HRA and DA

Thu, Jul 20, 2017

7th Pay Commission (&th CPC) recommendations have been approved by Union Cabinet but there is good news for employees who have issues with the recommendations. The Department of Personnel and Training (DoPT) has extended the time limit to submit complaints by three months.

7th Pay Commission: List of allowances that were doubled by Union Cabinet

7th Pay Commission: List of allowances that were doubled by Union Cabinet

Mon, Jul 17, 2017

Union Cabinet which was chaired by Prime Minister Narendra Modi, last month approved the recommendations as per 7th Pay Commission with 34 modifications.

7th Pay Commission: Your in-hand salary may not rise as expected, here's why

7th Pay Commission: Your in-hand salary may not rise as expected, here's why

Tue, Jul 11, 2017

Union Cabinet last month under Prime Minister Narendra Modi gave its final go-ahead to 7th Pay Commission recommendations with 34 modifications.

7th Pay Commission: We calculate why your HRA may not increase to 157% immediately

7th Pay Commission: We calculate why your HRA may not increase to 157% immediately

Mon, Jul 10, 2017

After over a year of waiting, 50 lakh government employees finally have something to cheer as Prime Minister Narendra Modi led Union Cabinet last month accepted all 7th Pay Commission recommendations, including House Rent Allowance (HRA) and Dearness Allowance (DA), with some modifications.

7th Pay Commission: Defence, Industrial employees send reminder of overtime allowance

7th Pay Commission: Defence, Industrial employees send reminder of overtime allowance

Mon, Jul 10, 2017

Mukesh Singh, Secretary of Bharatiya Pratiraksha Mazdoor Sangh wrote a letter to Ministry of Defence on June 29, following the day when Modi-led committee approved 7th Pay Commission recommendations.

7th Pay Commission: Are revised allowances coming from July itself?

7th Pay Commission: Are revised allowances coming from July itself?

Sat, Jul 08, 2017

Now that finance ministry has asked central ministries to ensure recommendations made under 7th Pay Commission to be paid from current months salary.

7th Pay Commission notified: Here's a list of all 34 revisions including HRA, pension

7th Pay Commission notified: Here's a list of all 34 revisions including HRA, pension

Fri, Jul 07, 2017

The government said that the revised allowance under 7th Pay Commission will come into effect from July 1, 2017. The recommendations allowance will benefit 34 lakh Civilian employees and 14 lakh Defence Forces personnel.

7th Pay Commission: Revised HRA to benefit only few thousands of central govt employees, report says

7th Pay Commission: Revised HRA to benefit only few thousands of central govt employees, report says

Fri, Jul 07, 2017

The Cabinet decided that HRA will not be less than Rs 5400, Rs 3600 and Rs 1800 for X, Y and Z category of cities respectively as per 7th Pay Commission. The HRA benefit 7.5 lakh central government employees.

7th Pay Commission: Latest news on revised salary a nd HRA calculation

7th Pay Commission: Latest news on revised salary a nd HRA calculation

Fri, Jul 07, 2017

Union Cabinet notified slightly modified recommendations from the 7th Pay Commission over pay and allowannces like House Rent Allowance (HRA) and Deanress Allowanes (DA) for nearly 50 lakh central government employees.

7th Pay Commission: Find out what the revised HRA and DA means for you

7th Pay Commission: Find out what the revised HRA and DA means for you

Thu, Jul 06, 2017

Prime Minister Narendra Modi-led Union Cabinet last month notified slightly modified recommendations from the 7th Pay Commission over pay and allowannces for nearly 50 lakh central government employees. Find out what the revised Hosue Rent Allowance (HRA) and Dearness Allowance (DA) means:

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