The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from ...

Keep rent receipts, rental agreements, or bank statements showing rent payment as evidence in case of scrutiny by the tax authorities. (Image: Freepik) Rent is often one of the biggest expenses for ...

One of the most exploited provisions is Section 10(13A), which permits exemption on HRA. Kindly note that this illustration generated using Microsoft Copilot has only been posted for representational ...

Only salaried employees can claim deduction of HRA under Section 10 (13A) of Income-Tax Act. House Rent Allowance (HRA) is an allowance paid by employers to their employees as a compensation for the ...

Pursuant to Section 10 (13A) of the Income Tax Act, 1961, if you are a salaried professional, you are entitled to house rent allowance that is exempted from tax. NEW DELHI: Yes, a rental agreement can ...

A serious flaw in the Income Tax Return (ITR) utility for FY 2024–25 could disrupt House Rent Allowance (HRA) claims for lakhs of salaried taxpayers, warned Chartered Accountant Himank Singla. The ...

Under section 10(13A) of Income Tax Act, a deduction is permissible for house rent allowances (HRA). However, not all amounts are tax exempted from this allowance. Under section 10(13A) of Income Tax ...