“No HRA exemption should be allowed if it is paid separately. If composite rent is being paid, including the maintenance ...

Calculating HRA exemption can be tricky with changing laws and formulas. A valuable tool to simplify calculation is the online HRA calculator. Keep reading to learn about the HRA tax rules ...

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

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

This exemption helps lower taxable income , thereby reducing the overall tax liability. HRA Calculator The HRA exemption you ...

Tenants must deduct 2% TDS if their monthly rent exceeds ₹50,000, if the landlord is a resident Indian and 31.2% if the ...

The landlord’s PAN must be mentioned in the TDS challan. However, if the PAN is missing or inactive, the TDS is levied at 20% under Section 206AA. On the other hand, for Non-Resident Indian (NRI) ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

Monthly Salary Calculations: For the salary calculation of a central government employee, their basic pay, dearness allowance (DA), house rent allowance (HRA), and travel allowance (TA) are taken into ...

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