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News
House Rent Allowance
House Rent Allowance News
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.
ITR 2024
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
HRA
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.
HRA
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.
Haryana
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.
RBI
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.
7th CPC
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.
7th CPC
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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