New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may ...
New disclosure mandates and stricter documentation will require taxpayers to prove that rent paid to family members is a ...
If implemented, the HRA exemption hike may boost disposable income for salaried tenants and, over time, make renting more ...
Currently, salaried employees residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of salary under the old tax regime. For other cities, the limit is capped at 40%. The ...
Budget 2026 introduces significant perquisite rule changes, lowering taxable housing valuations and increasing tax-free ...
Taxpayers using the Old Tax Regime to claim House Rent Allowance (HRA) may soon face stricter disclosure norms. Under the ...
As per the Section 10(13A) it seems that the exemption can be claimed only in respect of one house occupied by the employee. However there is no restriction as to whether the same can be claimed in ...
As per the Draft Income-Tax Rules, 2026, the Centre has proposed adding four major urban hubs to the list of cities eligible ...