New York City has an emergency rental assistance program to help New Yorkers avoid homelessness that's funded by your tax dollars. A new survey, however, found that some people in the program are ...

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Thomas J Catalano is a CFP and Registered Investment Adviser with the ...

HRA Tax Relief for ITR FY 24-25: In the old tax regime, you get a tax benefit on the house rent allowance (HRA). But how much tax benefit do you get on HRA? If your basic pay is Rs 50,000, HRA is Rs ...

A serious flaw in the Income Tax Return (ITR) utility for FY 2024–25 could disrupt House Rent Allowance (HRA) claims for lakhs of salaried taxpayers, warned Chartered Accountant Himank Singla. The ...

HRA claims are under increased scrutiny, with tax officers rejecting claims lacking a clear money trail or appearing dubious. Even with proper documentation like rent receipts, claims can be ...

House Rent Allowance (HRA) is one of the most common tax-saving benefits available to salaried individuals in India. If your salary includes an HRA component, you can claim tax exemption under Section ...

Salaried individuals claiming HRA tax exemption should ensure accuracy and compliance, as discrepancies can lead to rejection. Tax officers may dispute claims if rent receipts are deemed fake, ...

Are you a salaried individual looking to reduce your tax liability? House Rent Allowance (HRA) can be a valuable tool in your tax-saving plan. By claiming exemptions on rent paid, you can ...

8th Pay Commission HRA Calculation: When salaries are revised in the 8th Pay Commission, house rent allowance (HRA) will also be revised. For Level 1-7 central government employees, what may be ...