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House Rent Allowance

10 Jul 2024

Budget 2024: House Rent Allowance Should Be Extended To New Tax Regime

House Rent Allowance (HRA) deductions should be allowed under the New Tax Regime, expects the common man.

03 Jul 2024

ITR 2024: Can You Save Up To Rs 1.8 Lakh On Tax By Paying Rent To Your Wife?

Contributing to these long-term investment schemes can help you save up to Rs 1.50 lakh in a financial year.

House Rent Allowance

21 Jun 2024

Beware! Claiming False HRA While Filing ITR Could Cost You THIS Much

It’s important to note that you must reside in a rented house to qualify for HRA exemption under Section 10(13A).

Income Tax department

08 Apr 2024

CBDT: No Special Initiative To Reopen HRA Mismatch Cases, Confirms

There have been reports on social media and in the news about CBDT inquiries into cases where employees have inaccurately claimed HRA and rental expenses

30 Mar 2024

Using HRA To Save Income Tax? Why It Isn't A Good Idea Anymore

The Income Tax Department is actively identifying individuals involved in fraudulent tax deductions.

how to save taxes on salary

25 Jul 2023

Tired Of Paying High Taxes? Maximise Savings By Claiming HRA And NPS

One can claim HRA to reduce tax outgo. Availing the NPS benefit can also reduce taxes. Food coupons can also add to tax saving.

House Rent Allowance

29 Jun 2023

7th Pay Commission: Big Update On HRA Hike, Here Is What Reports Say

Employees of the Central Government may be in for a big surprise in the coming months! The government may boost other allowances, such as House Rent Allowance (HRA), in the near future, said media reports.

09 Jan 2023

Updated HRA rules: THESE central govt employees NOT ELIGIBLE for claiming HRA

In the revised and updated provisions, laying the conditions for drawal of House Rent Allowance, the DOE OM said a government servant shall not be entitled to HRA under the following conditions.

House Rent Allowance

04 Apr 2022

7th Pay Commission: HRA of central govt employees to increase again?

The category of the city in which government employees work determines their HRA. The three categories are X, Y, and Z. HRA is now paid at a rate of 27 percent of basic income to employees in the X category cities, and 18 percent to those in the Z category cities. Employees in the Z class currently receive a 9% HRA on their basic wage.

7th Pay Commission

20 Jan 2022

7th Pay Commission: Centre could soon hike HRA by 3%, but there’s a catch

The government increases the HRA when the dearness allowance is increased to a certain limit. The HRA of central government employees is revised based on the dearness allowance. HRA would be revised from time to time with an increase in DA.

7th Pay Commission

08 Dec 2021

7th Pay Commission: Govt employees could get DA, HRA hike soon

The Central government recently increased the DA of its employees around Diwali 2021. Government employees had received a 3% DA hike. The authorities are now planning to increase the DA once.

7th Pay Commission

26 Nov 2021

7th Pay Commission: Central govt employees could get hike ahead of New Year

The Central government is mulling an increase in the House Rent Allowance. The demands to increase the HRA were put forward by the IRTSA and NFIR. HRA is an important aspect of the salaries of government employees.

House Rent Allowance

17 Nov 2021

ITR Filing: Landlord's PAN not available? Here is how you can still claim HRA

HRA paid by employers to the employees. It is part of their salaries. Taxpayer can take benefit for the amount they pay towards accommodation every year.

7th Pay Commission

06 Nov 2021

Central government employees’ salaries could increase by Rs 8,100, here’s why

The Finance Ministry has already begun its planning on increasing the HRA. The government will start crediting the increased HRA starting from January 2022. HRA is a crucial salary component paid to employees by an employer towards the accommodation cost of living in that city.

Dearness Allowance

08 Oct 2021

Good news for Central govt employees! Salary expected to increase, here's why

The Dearness Allowance has been increased to 28% since July 1, necessitating an increase in the HRA as well. The minimum basic compensation for central government employees, according to the Matrix of the 7th Pay Commission, is roughly Rs 18,000. The government previously increased the Dearness Allowance by 4% in January 2020, followed by another 3% rise in June of the same year.

7th pay commission latest news

25 Apr 2018

HRA hike under 7th pay commission impacted CPI by 35 bps: Study

The revised HRA structure, under the seventh CPC, came into place in July 2017.

23 Apr 2018

Good news for Haryana government employees, CM increases 9 nine allowances

Under the special allowance for child care Rs 1,500 which would be given to female employees with disability, per child monthly, an official release said.

02 Aug 2017

RBI aims to keep retail inflation near 4% on 'durable basis'

The RBI's Monetary Policy Committee (MPC) on Wednesday decided to reduce the repo rate -- at which it lends to banks -- by 0.25 percent to 6 percent.

19 Jul 2017

7th Pay Commission: Check out where you will get maximum HRA city-wise

Check out your revised HRA (House Rent Allowance) here city-wise.

11 Jul 2017

7th Pay Commission on allowances notified: Here are the key highlights- HRA, modification in allowances

Major highlights of the notification related to 7th CPC recommendations on allowances, published in Gazette of India dated 6th July, 2017.

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