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HRA 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.

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

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.

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.

7th Pay Commission

12 Feb 2022

7th Pay Commission: From DA to HRA hike, here’s looking at 5 big updates

The Indian government is reportedly expected to announce a hike in the fitment factor. Union Cabinet is also expected to discuss the matter on the pending DA arrears. The basic salary of the central government employees could also increase soon.

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

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.

18 Nov 2021

Modi govt's big decision on HRA likely on New Year, see category wise pay-band

Hike in the HRA in early January 2022 likely. 11.56 lakh Indian Railways employees likely to benefit. House Rent Allowance calculation based on 7th pay commission.

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.

16 Nov 2021

Modi govt's New Year gift to govt employees, big decision on HRA likely

Hike in the HRA in early January 2022 likely. 11.56 lakh Indian Railways employees likely to benefit. House Rent Allowance calculation based on 7th pay commission.

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

19 Sep 2021

Here’s looking at recently announced benefits for Central govt employees

The DA rate is all set to be increased by 3%. The Central government is now also increasing the House Rent Allowance (HRA). So, with the revision of the DA, HRA is now also expected to increase 3% anytime soon.

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.

08 Dec 2017

Should you buy a house or stay on rent?

The decision to rent or buy a home actually depends on an individual's economic condition.

Reserve Bank of India

17 Sep 2017

RBI likely to keep policy rate on hold till fiscal-end: Report

According to the report, both CPI and WPI inflation have bottomed out and retail inflation is inching towards 4.7 per cent and wholesale towards 3.6 per cent by March 2018.

16 Aug 2017

RBI to maintain "prolonged pause" before next rate cut: HSBC

The note comes two days after data showed that headline consumer price inflation (CPI) almost doubled to 2.36 percent for July from 1.54 percent in the previous month, and a day after the wholesale price inflation also shot up to 1.54 percent from being negative in the previous month.

Income tax return

02 Aug 2017

Don't have landlord's PAN? Here is how you can still claim HRA

Employee can still claim for tax benefits under HRA in his/her ITR, according to tax experts. Employees need to provide PAN of landlord only to his/her employer. Once the person is finally set to file an ITR, there is no need to provide PAN of landlord.

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