A sizable tax break could be coming for tipped income, but the economic knock-on effects could be damaging.

Under budget legislation passed by the House on May 22, Medicaid enrollees would face work requirements two years sooner than ...

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

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 ...

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 ...

These policies will help covering yourself, your family, and even senior citizen parents. Salaried and self-employed individuals can use HRA exemption under Section 10(13A) and Section 80GG, ...

under Section 10(13A) is a major tax saver in the old regime. Depending on your salary structure and rent paid, you can claim substantial HRA exemption. However, under the new tax regime ...

While it forms part of the salary, HRA is not fully taxable. Under Section 10(13A) of the Income Tax Act, 1961, a portion of the HRA can be exempt from tax, subject to certain conditions. This ...

Under the old tax regime, HRA is exempted under section 10(13A) of Income Tax Act for salaried individuals, states information on the Income Tax India website. However, this exemption is not ...

Section 17(1) of the Income Tax Act defines "salary" as any ... Keep in mind: If you receive HRA but don’t pay rent, the entire HRA is fully taxable. Under the new tax regime, HRA exemption is not ...