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House Rent Allowance

Income Tax Season: 10 allowances that can optimise your income tax benefits considerably

Income Tax Season: 10 allowances that can optimise your income tax benefits considerably

Mon, Jul 08, 2024

Know how to maximize tax savings through employee allowances in this article. Ensure that the mentioned allowances are integrated into your salary structure to reduce taxable income and optimise financial benefits. Consult with HR to include these allowances and effectively manage your tax liabilities while enjoying various perks tailored to your employment.

Income Tax Season: Can you save income tax by paying rent to your spouse? Know how to save up to Rs 1,80,000 tax through it

Income Tax Season: Can you save income tax by paying rent to your spouse? Know how to save up to Rs 1,80,000 tax through it

Wed, Jul 03, 2024

Income tax saving tips: Employed taxpayers who want to take tax benefits of House Rent Allowance can employ this tactic to save their income tax.

Income Tax Season: Not just 80C, this Income Tax section can give you instant tax exemption- know how to take its advantage while filing ITR

Income Tax Season: Not just 80C, this Income Tax section can give you instant tax exemption- know how to take its advantage while filing ITR

Wed, Jul 03, 2024

Tax exemption benefits: Section 80C of the Income Tax Act is quite a popular section among salaried persons when it comes to saving tax in a financial year. The section provides tax exemption of up to Rs 1.50 lakh in a financial year. But not just Section 80C, House Rent Allowance (HRA) also comes under the purview of tax exemption. This part is deducted from your total income before calculating gross taxable income.

TRENDING NOW

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: HRA goes up nearly 105%; This is what investment bank JP Morgan thinks will happen

7th Pay Commission: HRA goes up nearly 105%; This is what investment bank JP Morgan thinks will happen

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.

7th Pay Commission: Rajasthan govt asks for 3 months extension, MP ready to implement

7th Pay Commission: Rajasthan govt asks for 3 months extension, MP ready to implement

Wed, Jul 05, 2017

After the Madhya Pradesh government decided to implement the 7th Pay Commission recommendation, on the other hand Rajasthan government is demanding three more months for the implementation.

7th Pay Commission: This is how your revised salary will look post allowances

7th Pay Commission: This is how your revised salary will look post allowances

Tue, Jul 04, 2017

As per the revised pay, the government has increased the minimum wage of the central government employees from Rs 7000 per month to Rs 18000 per month, which is an increase of 157.14%.

7th Pay Commission: Central govt employees to get up to 157% HRA hike

7th Pay Commission: Central govt employees to get up to 157% HRA hike

Tue, Jul 04, 2017

Employees will finally start getting their revised salaries effective under 7th Pay Commission form July. Higher HRA is speculated under the new revised salary structures.

7th Pay Commission: Calculate what you will get from July 1

7th Pay Commission: Calculate what you will get from July 1

Mon, Jul 03, 2017

On June 28, Union Cabinet meeting chaired by Prime Minister Narendra Modi approved the recommendations of the 7th Pay Commission with 34 modifications.

7th Pay Commission: Government employees will get higher allowances from this month

7th Pay Commission: Government employees will get higher allowances from this month

Mon, Jul 03, 2017

More than 48 lakh government employees will start getting higher allowance from this month. Union Cabinet had given a clean nod last week for recommendations made under 7th CPC.

7th Pay Commission: Full list of all 34 revisions and HRA decision taken by Cabinet

7th Pay Commission: Full list of all 34 revisions and HRA decision taken by Cabinet

Thu, Jun 29, 2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the recommendations of the 7th CPC on allowances with some modifications. The revised rates of the allowances shall come into effect from 1st July, 2017 and shall affect more than 48 lakh central government employees.

7th Pay Commission HRA approved: We help you calculate

7th Pay Commission HRA approved: We help you calculate

Wed, Jun 28, 2017

As the House Rent Allowance at the reduced rates may not be sufficient for employees falling in lower pay bracket, it has been decided that HRA shall not be less than Rs 5400, Rs 3600 and Rs 1800 for X, Y and Z category of cities respectively.

Income Tax: Finding hard to calculate taxable income? Here's a simple way

Income Tax: Finding hard to calculate taxable income? Here's a simple way

Tue, Jun 27, 2017

Taxable income is the total of all incomes excluding all exemptions and deductions.

7th Pay Commission: Latest news on HRA, DA and arrears

7th Pay Commission: Latest news on HRA, DA and arrears

Tue, Jun 27, 2017

The wait to get clarity on allowances like House Rent Allowance (HRA) and Dearness Allowance (DA) under the 7th Pay Commission may be over on Wednesday as the Cabinet is likely to convene a meeting and announce its decision.

7th Pay Commission: PM Modi's US visit may delay higher allowance decision?

7th Pay Commission: PM Modi's US visit may delay higher allowance decision?

Mon, Jun 26, 2017

When the Union Cabinet was about to take final call on various recommendations on June 28, the date has neem shifted to July 5.

7th Pay Commission: Cabinet to approve HRA allowance next week?

7th Pay Commission: Cabinet to approve HRA allowance next week?

Fri, Jun 23, 2017

The issue of these arrears and allowances have been pending for over a year now as it was June 2016 when Finance Minister Arun Jaitley had ordered setting up of Committee on Allowances under leadership of Finance Secretary Ashok Lavasa.

7th Pay Commission: House Rent Allowance may be hiked, news likely soon

7th Pay Commission: House Rent Allowance may be hiked, news likely soon

Sat, Jun 17, 2017

In the latest update on 7th Pay Commission news, HRA may be hiked more than the recommendations of the committee. The Cabinet meeting to be held next week may take up discussions on the same.

7th Pay Commission: Cabinet to take up HRA allowance once Jaitley returns from South Korea

7th Pay Commission: Cabinet to take up HRA allowance once Jaitley returns from South Korea

Thu, Jun 15, 2017

Decision on arrears like HRA, dearness allowance, transport allowance (TA), etc, under the 7PC were expected to be taken on Wednesday. However, the Cabinet delayed it due to FM Arun Jaitley meet in South Korea.

7th Pay Commission: Cabinet meeting today; HRA may get fixed at 27%; arrears by July 1

7th Pay Commission: Cabinet meeting today; HRA may get fixed at 27%; arrears by July 1

Wed, Jun 14, 2017

The 7th CPC had also proposed that House Rent Allowance or HRA be capped at 24%. This did not go well with central government employees who demanded a higher HRA at 30%.

7th Pay Commission: Will Cabinet decide on arrears this week?

7th Pay Commission: Will Cabinet decide on arrears this week?

Mon, Jun 12, 2017

While the reports for higher allowance going around under 7th Pay Commission, there is still no clue about arrears. Till now the government has not given any official confirmation regarding arrears to allowances.

7th Pay Commission update: Central govt employees may get revised allowances from July 18

7th Pay Commission update: Central govt employees may get revised allowances from July 18

Sat, Jun 10, 2017

Latest news in the 7th Pay Commission is that central government employees may be getting revised allowances including House Rent Allowance from July 18 onward. The revised amount is cited to be higher than what was earlier suggested. A Cabinet meeting on Monday will now decide the hike in pay for these employees.

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