Mon, Jul 15, 2024
Income Tax Season: Saving tax through House Rent Allowance (HRA) is a time-tested tactic. But some taxpayers take the wrong route by submitting fake rent receipts for tax saving. The Income Tax Department (I-T) can outsmart such people easily. With the last date to file ITR return today (July 31, 2024), it is important to know how the I-T Department catches violators.
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Tue, Apr 02, 2024
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 get different slabs of HRAs. Do you know how tax relaxation on HRA is calculated? How much HRA tax exemption can you get on a basic annual salary of Rs 4 lakh.
Fri, Nov 09, 2018
7th Pay Commission HRA allowance: The fear of 7th CPC HRA allowance was such that RBI maintained status quo for quite some time, until the central bank was forced to hike interest rate between June to August 2018 policy.
Fri, Oct 05, 2018
RBI has been very firm on how 7th Pay Commission continues to put pressure on inflation.
Tue, Oct 03, 2017
The Reserve Bank of India will be presenting India's fourth bi-montly monetary policy data for FY18 on October 04, 2017. In previous policy, RBI brought down policy rate to 6% from previous 6.25%.
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