Self-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent ...
The Income Tax Department is using AI, data analytics, AIS, and PAN-based verification to identify incorrect HRA exemption claims. The article explains common reasons for scrutiny, new compliance ...
House Rent Allowance (HRA) is a financial benefit that only salaried individuals can claim for tax deduction if their salary includes an HRA component. Even though you don’t need to submit proof in ...
Even if your employer has not allowed you the exemption for HRA, you can still claim it while filing the ITR for financial ...
Failure to provide proper documents to the employer results in a higher deduction of tax, and claim of HRA not appearing in ...
Self-employed individuals and employees who do not receive HRA as a part of their CTC are eligible for deduction under section 80GG ...
Choosing between the old and new tax regimes for FY 2025-26 is not just about tax slabs but also about the exemptions and ...