Let us understand which out of HRA and home loan can save you more tax after Budget 2026. ​House Rent Allowance (HRA) is a tax break which salaried taxpayers usually receive, and it’s one of the few ...
The education ministry has proposed increasing the house rent allowance for MPO-listed teachers and staff to Tk 2,000–3,000 following the rejection of the government’s previous decision to raise the ...
Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement for claiming HRA. What it does require is evidence of payment. This can ...
No matter whether you stay at your parents’ house or not, you can claim tax exemptions on the rent paid. If you are an employee, the house rent allowance of HRA might be part of the salary on which ...
HRA Tax Relief for ITR FY 24-25: In the old tax regime, you get a tax benefit on the house rent allowance (HRA). But how much tax benefit do you get on HRA? If your basic pay is Rs 50,000, HRA is Rs ...