Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments ...

Usually, an employee's salary structure has HRA as one of its components. A salaried employee can claim tax exemption on HRA ...

The tax department is sending notices to salaried taxpayers who claimed HRA but didn’t deduct TDS on rent above ₹50,000. With ...

Assessees should also file Form 26A and obtain a CA certificate ... ‘I’m actually the first…' The income tax department is doing this due to fake HRA claims being on the rise, as per the ...

As the new assessment year 2025-26 gets underway, people across the country especially salaried taxpayers are preparing to ...

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA exemption under Section 10 (13A) of the Income Tax Act if they pay rent for ...

Taxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tenants paying rents over ₹50,000 per month must deduct 2% TDS.

Arjuna (Fictional Character): Krishna, a taxpayer, is paying ₹51,000 per month as rent for his residential flat and is not engaged in any business or profession. Based on these facts, is he required ...

However, if HRA proofs are submitted to the employer, a lower tax will be deducted from salary income. Further, the tax exemption is calculated by the employer and reflected in Form 16.

Assessees should also file Form 26A and obtain a CA certificate confirming ... ‘I’m actually the first…' The income tax department is doing this due to fake HRA claims being on the rise, as per the ...