Hra: Latest News and Updates, Top Stories, Videos, Photos About Hra

After DA Hiked To 50%, How Much Will HRA Rise? When Employees Will Receive It?

In a big Holi gift, the dearness allowance (DA) of central government employees surged from 46% to 50% and the revised DA to get effective from January 1, 2024. Government announced the hike in the 1st week of March, 2024. The ...

CBDT Clarifies No Mass Scrutiny Of HRA Claims, Targets High-Value Mismatches; Details Inside

The Central Board of Direct Taxes (CBDT) has moved to ease concerns among taxpayers by stating that there is no ongoing special drive to scrutinize all house rent allowance (HRA) claims. Amidst recent reports hinting at widespread case reopenings, the CBDT ...

Income Tax Department Identifies Rent Mismatch in Employee Declarations

Income Tax Department finds mismatches in rent transactions for FY 2020-21, clarifies no special drive on HRA cases....

7th Pay Commission: Central Govt Employees May Get Salary Hike, Arrears On March 30

Central government employees under the 7th Pay Commission are expected to receive their increased salaries and arrears on March 30, a day ahead of schedule due to March 31 being a Sunday. The Reserve Bank of India (RBI) has instructed banks ...

7th Pay Commission: Central Govt. Employees May Get 3% Hike In HRA

As per the leading business channel report, the total DA or dearness allowance of central government employees will go up by 34 percent soon. At present, after last year's increase, DA stands at 31 percent. So, reportedly after hiking DA last ...

Centre To Approve A Hike In Dearness Allowance For Central Govt. Employees Once Again

From September month, over 1 crore employees of the central government as well as pensioners will get increased dearness allowance. Alongside they would also they would received the pending arrears of DA for the three months. Reports further suggest ...

5 Common Components Of Salary That Are Exempt From Income Tax

When you receive your salary payslip, you may have observed that your salary has a break-up of different components. These components include allowances that help with your day-to-day expenses and also give you the opportunity to save up on your tax ...

10 Pointers To Note To Successfully Claim Tax Exemption On HRA

HRA claim against the rent paid to the landlord or house owner requires the taxpayer to note of few points else the claim may go rejected as in the case of a salaried employee whose HRA tax exemption claim was rejected ...

How To Claim HRA Exemption Under Different Rental Situations?

To avail the benefit of HRA or house rent allowance exemption which is part of an employee's salary structure, one needs to quote the PAN of the landlord if the rental amount is over Rs. 1 lakh in a year or ...

Tax Planning Suggestions For Those Who Have Just Started Their Career

For individuals who have just started their career there can be a case that they might not be falling in the tax slab as per the government and for others who still fall in the tax net, here is suggested some ...

How to Deduct TDS on Rent Paid? 30th April Deadline

From 1st of June 2017, all individuals and HUFs (Hindu Undivided Families) who pay a rent of Rs 50,000 or more to a landlord, have to deduct a TDS (tax deducted at source) at the rate of 5 percent. Earlier, only ...

Can You Claim Tax Exemption On HRA Without Landlord's PAN?

While gearing up to fill in our investment proof submission forms, we look for ways to reduce our TDS burden. There are several cases where the landlord refuses to give you his PAN to avoid tax. If you are a salaried ...

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