One stop for everything related to taxes,
Our Blogs

House Rent Allowance (HRA)  exemption and Section 80GG deduction are two separate tax benefits under the Indian Income Tax Act that reduce taxable income for individuals paying rent. While HRA exemption under Section 10(13A) is available only to salaried individuals receiving HRA as part of their salary, Section 80GG provides relief to those who pay rent but do not receive HRA, including self-employed individuals. Understanding the distinction between these two helps taxpayer

Section 80GG  of the Income Tax Act, 1961 allows taxpayers who do not receive House Rent Allowance (HRA) to claim a deduction for rent paid. This provision ensures that even those living in rented accommodations without HRA can avail tax relief, provided they meet the eligibility conditions. To claim the deduction, individuals must not own a residential property at their place of work, must pay rent for accommodation, and must file Form 10BA declaring rent details. Proper com

House Rent Allowance (HRA) is a really important part of your salary if you live in a rented house because it can lead to significant tax...

What is House Rent Allowance (HRA) and Why is it Important? Rental expenses often take a big bite out of a salaried person's monthly...

House Rent Allowance, or HRA, is a key part of a Central Government employee's salary. It's quite important as it helps them cover house...

House Rent Allowance (HRA) is an essential component of many salaried individuals' compensation packages. It plays a significant role in...

Form 16 is a key document for salaried individuals when filing their Income Tax Return (ITR). It acts as a certificate of tax deducted...

The Income Tax Return (ITR) filing process can sometimes be complex, especially when it comes to reporting House Rent Allowance (HRA) and...

Taxpayers often seek to maximize their exemptions while filing their Income Tax Returns (ITR) to reduce their taxable income and,...

House Rent Allowance (HRA) is a popular tax benefit for salaried individuals who live in rented accommodation. It helps reduce taxable...