The House Rent Allowance (HRA) is a crucial component of your salary if you live in rented accommodation. Calculating HRA exemption can be tricky with changing laws and formulas. A valuable tool ...

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

Yes Income Tax department has allowed deduction of HRA for 2 eligible houses provided you should have proper records for ...

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

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

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 ...

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) ...

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

HRA Calculator The HRA exemption you can claim is the smallest of the following amounts: Actual HRA received: The HRA amount ...

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