Hra

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

In the first cabinet meeting of the newly formed BJP-JJP regime, the Haryana government today decided to double the House Rent Allowance (HRA) admissible to ministers.

The the revised allowances for teachers and equivalent academic staff based on the recommendations of the 7th pay commission will come into effect from July 1, 2017.

A UN report noted that higher inflation was also due to the housing rent allowances (HRA) for government employees.

The revised HRA structure, under the 7th CPC, came into place in July 2017.

Worries over fiscal slippage, revised formula for MSP, HRA revisions, crude oil prices weighed heavily on RBI's decision of keeping the rates steady

The RBI governor Urjit Patel said that there are several upside risks to inflation, especially from the staggered impact of HRA increases by various state governments

Budget should revise the tax-free limit for medical expenses upwards to Rs 50,000, says Anil Rego, CEO, Right Horizons.

Tax experts say that an employee can still claim tax benefits under HRA in his or her tax return.

If the annual rent paid by the employee exceeds Rs 1 lakh, it is mandatory for the employee to report the landlord's PAN to the employer.

Taxpayers who missed the earlier ITR (income tax return) deadline of July 31 can now file their tax returns by August 5.

The tax law also says that in case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address should be filed by the employee.

The Union Cabinet had last month approved recommendations of the 7th pay commission with 34 modifications.

The Union Cabinet last month approved recommendations of the 7th pay commission with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.

The government has rejected earlier recommendations to cut HRA to 24 per cent for cities with population of 50 lakh and above.

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

In the first cabinet meeting of the newly formed BJP-JJP regime, the Haryana government today decided to double the House Rent Allowance (HRA) admissible to ministers.

The the revised allowances for teachers and equivalent academic staff based on the recommendations of the 7th pay commission will come into effect from July 1, 2017.

A UN report noted that higher inflation was also due to the housing rent allowances (HRA) for government employees.

The revised HRA structure, under the 7th CPC, came into place in July 2017.

Worries over fiscal slippage, revised formula for MSP, HRA revisions, crude oil prices weighed heavily on RBI's decision of keeping the rates steady

The RBI governor Urjit Patel said that there are several upside risks to inflation, especially from the staggered impact of HRA increases by various state governments

Budget should revise the tax-free limit for medical expenses upwards to Rs 50,000, says Anil Rego, CEO, Right Horizons.

Tax experts say that an employee can still claim tax benefits under HRA in his or her tax return.

If the annual rent paid by the employee exceeds Rs 1 lakh, it is mandatory for the employee to report the landlord's PAN to the employer.

Taxpayers who missed the earlier ITR (income tax return) deadline of July 31 can now file their tax returns by August 5.

The tax law also says that in case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address should be filed by the employee.

The Union Cabinet had last month approved recommendations of the 7th pay commission with 34 modifications.

The Union Cabinet last month approved recommendations of the 7th pay commission with 34 modifications, which will mean an additional annual burden of Rs 30,748 crore on the exchequer.

The government has rejected earlier recommendations to cut HRA to 24 per cent for cities with population of 50 lakh and above.