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HRA

7th Pay Commission: The wait is not over yet! Final report on allowances next week

7th Pay Commission: The wait is not over yet! Final report on allowances next week

A high-level committee headed by finance secretary Ashok Lavasa is likely to submit its final report on HRA and ther allowances to Finance Minister Arun Jaitley next week.

Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment

Paying rent to kin for tax relief? Now, you will have to furnish proof of rent payment

Tax payers cannot be granted exemptions on house rent allowances (HRA) against sham rent payments to their kins.

Furnishing fake rent receipt to lower tax burden? Not anymore

Furnishing fake rent receipt to lower tax burden? Not anymore

The assessing officer can now demand proof — such as leave and licence agreement etc.

Smart cities: Soon, government may pay rent through vouchers to urban poor

Smart cities: Soon, government may pay rent through vouchers to urban poor

The Centre may soon pay rent through vouchers in 100 smart cities.

Indian companies revisit appraisal template to attract right talent

With work habitats turning more and more complex, most companies in India are reworking their performance management mechanism so as to attract, retain and reward the right talent, says a survey.

Appraisals Due: Average salary hike of 12% likely; top talent to get 25%

Appraisals Due: Average salary hike of 12% likely; top talent to get 25%

t is appraisal time again and employees can look forward to an average hike of 10-12%, while top performers can eye as much as 25%, but this once-a-year evaluation norm may change as firms are shifting to a more regular feedback culture, say experts

Govt raises HRA deduction limit to Rs 60,000 for rent payers

In a relief to individual tax payers, Finance Minister Arun Jaitley today increased the tax deduction limit to Rs 60,000 per annum from the current Rs 24,000 on the housing rent.

Higher rent, transport allowance in 29 cities

The salaried staff in 23 cities, notably employees of the government and state-run companies, stand to gain in terms of their house rent allowance after an upgrade of their places of stay based on Census 2011. Six cities have been upgraded for travel allowance.