Leave Travel Allowance (LTA) lets salaried employees claim tax exemptions on travel expenses during their leave incurred for ...

When you file income tax regime, you should keep few things in mind such as the deductions you want to claim, exemption for HRA and tax slab rate ...

salaried individuals can claim House Rent Allowance (HRA) exemption under section 10(13A), which can significantly reduce taxable income. This exemption is not available under the new tax regime ...

Home loan benefits are important, but they aren’t the only ones to think about. Other deductions under the old regime, like ...

Budget 2025 brought significant changes to India's income tax structure. Under the new tax regime, the basic exemption limit ...

Income tax payment is a part of life, yet many taxpayers are losing money just because they have no idea of key tax rules. Whether employed, self-employed, or an independent contractor, having ...

makes available several deductions and exemptions that can be availed. For example, the House Rent Allowance, the deduction for home loan, investments made in tax-saving instruments under Section ...

🆕 HRA in the New Tax Regime (Post 115BAC) Under the New Tax Regime (Section 115BAC), you cannot claim any tax exemption on HRA. In fact, many other common deductions are not allowed in the new ...

In case you are opting for the old tax regime, under Section 80C you can claim up to Rs 1.5 lakh of deductions every year. This section covers several popular options, like Public Provident Fund (PPF) ...

and also deduct principal repayment under Section 80C. Renters can take advantage of HRA exemptions. These key benefits are not available under the new regime, making the old system far more ...

Filing an income tax return can feel intimidating, especially for those who are new to the process or worried about missing ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...