Indirect Tax - Tax parley

known facts of HRA tax exemption

Chandan Tiwari — Sat, 25 Feb 2023 13:47:56 +0000

The majority of paid workers in the organised sector receive a house rent allowance, which is equivalent to about 50% of their base pay. A person who rents a place to live may be able to get a refund of the rent they paid, but only under particular circumstances. The following three exemptions are, in...

The post known facts of HRA tax exemption first appeared on Tax parley.

The post known facts of HRA tax exemption appeared first on Tax parley.

Answers to all your inquiries about the new income tax regime system

Chandan Tiwari — Fri, 03 Feb 2023 06:30:44 +0000

In Budget 2023, a new personal income tax regime system for individual taxpayers was unveiled. Taxpayers will be able to select between the current/old tax regime and the new tax regime starting in FY 2020–21. By choosing the previous tax system, the taxpayer can continue to take use of current tax benefits such house rent...

The post Answers to all your inquiries about the new income tax regime system first appeared on Tax parley.

The post Answers to all your inquiries about the new income tax regime system appeared first on Tax parley.

Features of Budget 2023-2024

Chandan Tiwari — Wed, 01 Feb 2023 10:59:28 +0000

Speech of Nirmala Sitharaman (Finance Minister of India) Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction of Budget 2023-24 Resilience amidst multiple crises 4. Our focus on wide-ranging reforms and sound policies, implemented through Sabka Prayas resulting in Jan Bhagidari and targeted support to those...

The post Features of Budget 2023-2024 first appeared on Tax parley.

The post Features of Budget 2023-2024 appeared first on Tax parley.