New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may find the old regime more beneficial if they can utilise exemptions like ...
The Government may soon offer meaningful tax relief to salaried individuals living in large urban centres by expanding the scope of exemptions for the House Rent Allowance (HRA) under the old income ...
House Rent Allowance (HRA) is a tax break which salaried taxpayers usually receive, and it’s one of the few exemptions without a maximum limit. For instance: Section 80C has a cap of Rs 1.5 lakh, and ...