As per the existing income tax rules, salaried employees in only four metro cities of Delhi, Mumbai, Kolkata and Chennai are ...

What do the draft income tax rules mean for the common man? How does the calculation math for the old vs new income tax ...

At present, only New Delhi, Mumbai, Kolkata and Chennai qualify for a 50 percent HRA exemption under the old tax regime, ...

HRA: Salaried employees living in India's fast-growing cities may soon get a major tax break, as the Union government ...

If implemented, the HRA exemption hike may boost disposable income for salaried tenants and, over time, make renting more attractive than buying in these cities ...

Taxable income is determined by starting with gross salary, as per the salary slip, and applying regime-specific exemptions ...

Bengaluru, Pune, Hyderabad and Ahmedabad may soon get 50% HRA exemption, matching Mumbai, Delhi, Kolkata and Chennai, pending govt approval of draft income-tax rule amendments.

The recent proposals in the Income Tax Rules enhance education and college hostel allowances and reclassify cities for HRA purposes. These changes may entice salaried individuals to reconsider the old ...

Salaried professionals living in rapidly growing urban centres may soon have a reason to smile. The central government is considering a major revision to House Rent Allowance (HRA) tax exemption rules ...

The Draft Income Tax Rules 2026 offer a number of welcome benefits and procedural clarity for taxpayers. These draft rules ...

Central government employees in India could soon receive significant arrears under the 8th Pay Commission, with illustrative payouts for staff in Levels 1-5 ranging from around Rs 3 lakh to over Rs 9 ...

The New Tax Regime restricts Section 24(b) benefits, disallowing set-off of home loan interest against salary income. Taxpayers must compare regimes carefully before ...