HRA claims – OnlineTaxUpdate

When it comes to claiming House Rent Allowance (HRA) exemption, salaried individuals often find themselves confused. If you’re paying rent for your accommodation and receive HRA as part of your salary, you can claim an exemption that reduces your taxable income. But how exactly can you claim the full HRA exemption?

Press Release

CBDT clarifies on media reports claiming special drive to reopen cases with reference to HRA claims

byAdmin09/04/202409/04/2024

Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data.

Income Tax in Media

HRA : I-T department unearths mass misuse of PANs for tax benefits

byAdmin02/04/202402/04/2024

The Income Tax Department has discovered numerous cases of individuals using fraudulent Permanent Account Number (PAN) cards to illegally claim House Rent Allowance (HRA), even though they are not actually tenants.

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