The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...

Salaried taxpayers claiming HRA exemption in their ITR must provide their landlord’s PAN if annual rent exceeds Rs 1 lakh.

Usually, an employee's salary structure has HRA as one of its components. A salaried employee can claim tax exemption on HRA ...

According to tax experts, merely having a rent agreement might not suffice as proof for claiming HRA tax exemption. Rent receipts serve as evidence that the tenant has indeed paid the rent amount ...

Many taxpayers who have claimed an HRA deduction exceeding ₹5 lakh in their income tax returns have received an email from ...

House Rent Allowance (HRA) is one of the most common allowances received by salaried individuals. Those who live in rented accommodations can maximize their tax savings by claiming a deduction for HRA ...

Come April 1, 2025, changes in the income tax slabs will come into effect under the new tax regime. While it is up to ...

You can get HRA exemption on the lowest amount amidst these 3: 1. Actual HRA received 2. 50% of salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) 3. 40% of salary for non-metro cities 4.