Explains that HRA exemption is not permitted under the new tax regime and is fully taxable. Key takeaway: employees must compare regimes to avoid higher tax ...
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HRA Claim Tightened, ITR-1 & ITR-4 Utility Updated For FY 2024-25: Here's What Taxpayers Must Know
New Delhi: The Income Tax Department has released the new Excel utilities for ITR-1 and ITR-4 for the financial year 2024-25 (assessment year 2025-26). Extra Details Needed for HRA Claim If you live ...
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Income Tax: Can You Claim HRA and Home Loan Tax Benefits Together? Here’s What Experts Say
For many salaried individuals, House Rent Allowance (HRA) is a crucial component of their salary package. Claiming an HRA exemption can significantly reduce taxable income. However, several people who ...
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