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HRA claims and tax scrutiny: CBDT assures no review of old HRA mistmatch cases; but here's what experts suggest

Financial Literacy News: HRA claims mismatch: Taxpayers should remain cautious. If there's a discrepancy between the rent paid and the rent received by the landlord, potential ....

Teamlease Regtech , Sujit Bangar , Sandeep Agrawal , Sk Patodia , House Rent Allowance , Central Board , Direct Taxes , Sridharan Attorneys , Income Tax Authorities , Leave Travel Allowance , Income Tax Department , Assessment Year , Income Tax Deduction , Hra Exemption , Hra Claims , False Hra Claims ,

House Rent Allowance: Eligibility, benefits, tax implications, how to calculate HRA exemption and more queries answered | Business

Financial Literacy News: Learn about the eligibility, benefits, tax implications, and how to calculate HRA exemption for House Rent Allowance. Get your queries answered in this comprehensive guide. ....

Centre For Investment Education , Investment Education , Tax Implications , Tax Benefits , Income Tax Act , Hra Exemption Calculator , Hra Exemption Benefits , Hra Exemption , House Rent Allowance , Calculate Hra ,

Income Tax: Rent paid to spouse can be claimed as HRA exemption; here are 6 key provisions

Several court verdicts including the recent one in June 2023 by the Income Tax Appellate Tribunal (ITAT) in Aman Kumar Jain’s case have decided that the rent paid by a man to his wife is allowed as HRA and tax exemption is permitted for the same ....

Aman Kumar Jain , Income Tax Appellate Tribunal , Income Tax , House Rent Allowance , Tax Deduction , Income Tax Return , Rent Paid To Spouse , How To Claim Tax Exemption , Budget 2024 , Hra Exemption , Tax Exemptions , House Rent ,

Budget 2024: Pre-budget expectations for salaried individuals on income tax relief

The current govt will be presenting its interim budget ahead of its forthcoming general elections. Taxpayers expect big measures with this budget ....

Nirmala Sitharaman , Abhishek Soni , Ashish Aggarwal , Union Budget , Personal Finance Experts , Finance Minister Nirmala Sitharaman , Interim Union Budget , Agam Gupta , Money Budget , Salaried Individuals On Income Tax Relief , Income Tax Relief , Hra Exemption , Section 80c , Section 80d ,

How salary perks, NPS can save Rs 1 lakh in income tax

One reason for high tax is the low exemption for the HRA component in his salary. Up to 10% of the basic salary put in the NPS on behalf of the employee is deductible under Section 80CCD(2). There are some tax-free perks, such as reimbursement of newspaper expenses, meal coupons. Sudhir Kaushik of TaxSpanner.com tells readers how readers can optimise their tax by rejigging their income and investments ....

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