Nearly 50 lakh employees and 65 lakh pensioners await the 8th Pay Commission, with experts predicting 13-34% salary hikes ...

HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as ...

HRA tax exemption rules offer benefits under specific conditions in the Income-tax Act, 1961. It provides tax-saving opportunities for employees living in rented accommodation under the old tax regime ...

Nirmala Sitharaman, the finance minister, made some adjustments to the personal tax structure in the union budget of 2023 to improve its appeal to salaried taxpayers who will be filing income tax ...

As central government employees await clarity on the implementation of the 8th Pay Commission (8th CPC), a growing concern is emerging around a less discussed but financially significant issue: the ...

Employees receiving a fixed salary and residing in rented accommodations have the option to avail of a deduction against the House Rent Allowance (HRA) provided by their employers. The deductible ...

EY’s Pre-Budget Wishlist for Union Budget 2024 calls for including tier-2 cities like Hyderabad, Pune, Bengaluru, Ahmedabad, and Gurgaon in the list of metro cities for HRA exemption calculation (from ...

At the core of the reform is a uniform definition of “wages”, limited to basic pay, dearness allowance and retaining ...

During the peak of the pandemic and even now, work from home has become a reality for many of us and it is indeed difficult to work efficiently from small spaces. Sounds from the kitchen, kids' ...

Income Tax Benefit on HRA During Work From Home: Tax exemption on House Rent Allowance (HRA) is an important benefit available to salaried persons. HRA comes as a part of salary and can be availed by ...