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 ...

8th Pay Commission: There is good news for central employees. There will be a huge jump in their salary after the implementation of the 8th Pay Commission. Discussion of the 8th Pay Commission has now ...

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 ...

A higher basic salary also means larger allowances. HRA rates are expected to remain linked to city category, 24% for metro ...

7th Pay Commission Calculator: The approval of recommendations made under 7th Pay Commission was surely a good news for over 1 crore government employees, after all it planned to improve the lifestyle ...

8th Pay Commission for CRPF: Central Reserve Police Force (CRPF) has a vast role in maintaining internal security in the country. From crowd and riot control to staying alert during counter-insurgency ...

Most Indians now prefer the new tax regime for its simplicity and higher in-hand pay. Those sticking to the old regime need ...

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 ...

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 ...