If you live in a rented house but don't get House Rent Allowance (HRA) in your salary, there is no need to worry. Under Section 80GG of the Income Tax Act, you can still claim tax exemption on rent ...

If you live in a rented house and your salary does not include HRA i.e. House Rent Allowance, then there is no need to worry. Under Section 80GG of the Income Tax Act, you can claim tax exemption on ...

Section 80GG allows deductions for house rent paid by individuals not receiving House Rent Allowance (HRA) as part of their salary, catering to both salaried and self-employed taxpayers.

While many are familiar with common tax-saving avenues such as Section 80C investments like PPF, ELSS, HRA, or home loan interest, there exist lesser-known strategies that can significantly benefit ...

A common dilemma arises when taxpayers own property in one city but live on rent in another. Today's Ask Wallet Wise query decodes how Section 80GG works if both spouses own flats in one city but plan ...

A ubiquitous component of most salary slips, house rent allowance (HRA) is a benefit that even financially not-so-savvy individuals are well aware of. Consequently, the exemptions linked to HRA are ...

As per section 80GG the Income Tax Act, 1961 (“the Act”), an individual wanting to claim a deduction can do so only if he is earning salary income or is a self-employed professional. The following are ...

Section 80CCD provides tax benefits to individuals contributing towards the National Pension Scheme (NPS) or the Atal Pension Yojana (APY). This sub-section allows an individual taxpayer to claim a ...