house rent allowance
Rental Receipt To Landlord’s PAN: HRA Tax Exemption Proofs To Keep Handy – News18
Last Updated: April 05, 2024, 13:45 IST Income Tax (Representative Image) According to news reports, the Income Tax Department has come across an HRA fraud involving the use of fake Permanent Account Numbers (PAN). The majority of salaried people receive House Rent Allowance (HRA) as part of their salary package. …
Understanding HRA exemption rules & benefits: Saving tax on rent allowance – know eligibility, calculation, documents required & more | Business – Times of India
HRA tax exemption rules: House Rent Allowance (HRA) is a common component of many employees’ salary packages. Unlike basic salary, HRA isn’t entirely taxable, subject to specific conditions outlined in Section 10(13A) of the Income-tax Act, 1961.The exemption on HRA reduces the taxable portion of an employee’s income, thus offering …