14 Exempt or Tax free incomes for salaried employees
Section 10 of the Income Tax Act provides tax exemptions to salaried professionals by excluding certain income sources from their …
HOUSE RENT ALLOWANCE
IT department eyes on fake HRA claim using illegal PAN
In a recent revelation, the Tax Department has unearthed a sophisticated scheme where individuals deceitfully claimed Housing Rent Allowance (HRA) …
House Rent Allowance (HRA): Exemptions & Calculator
House Rent Allowance, commonly referred to as HRA, holds significant importance in both personal finance and employment benefits. It constitutes …
Income tax allowances, deductions allowed for individuals in old tax regime
India’s personal tax system has two ‘regimes’: Old and new. The new tax regime does not have most of the …
Income Tax 2023-2024: Want to save income tax? This salary allowance can help you immensely; know how
Income Tax 2023-2024: People filing income tax returns seek every possible option that can help them save their hard-earned money. There …
Section 80GG: Deduction of Rent Paid
Very few taxpayers are aware about this section, while this section has lots of benefits and available for Salaried as …
EXEMPT ALLOWANCES & PERQUISITES UNDER INCOME TAX
Death-cum-retirement gratuity received by Government servants [Section 10(10)(i)] Section 10(10)(i) grants exemption to gratuity received by Government employee (i.e., Central …
