All You Need to Know regarding House Rent Allowance and its Exemption

So, you are living in a rented accommodation and receiving House Rent Allowance(HRA) as part of your salary but don’t know how to get the amount received as HRA exempted under Income Tax Act. Let me help you on this! First of all let us answer some questions first. What is House Rent Allowance? Usually … “All You Need to Know regarding House Rent Allowance and its Exemption”

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Section 80C Income Tax Deduction

With the upcoming close of Financial Year 2018-2019, the season is hot for investments made to claim income tax deductions. Sec 80 of Income Tax Act, 1961 is one of them. It contains a list of investments, which when made can provide you exemption from income tax upto certain amount. Investments made under section 80C … “Section 80C Income Tax Deduction”

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