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Old Tax regime: Rent receipts are being properly investigated, your dream of saving money in the old tax regime will be shattered..
Finance Minister Nirmala Sitharaman has made the new tax regime more attractive by making income up to Rs 12 lakh tax-free in the budget. No changes have been made to the old tax regime in the budget.
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HRA exemption: Claiming House Rent Allowance tax benefit? Keep these 5 important documents handy in case income tax department asks
HRA tax exemption: Many employees have the provision for House Rent Allowance (HRA) as a part of their salary structure. To lower their tax burden, many claim HRA exemption if they live in rented ...