House rent allowance (HRA) is an essential part of the salary structure for employees. It is a portion of the salary that is paid to individuals and comes with specific tax benefits. Here are the ...

I f 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 ...

For the salary calculation of a central government employee, their basic pay, dearness allowance (DA), house rent allowance ...

For a Class Z city, it can be a 8 per cent of the basic pay with a minimum of Rs 1,800 per month. We will calculate the total salary for pay bands of Rs 22,100, 41,100 (Level 1), Rs 30,200, Rs 50,000 ...

Firstly, calculate your gross taxable income by subtracting your deductions such as HRA, LTA, and standard deduction from your gross salary and adding income from other sources. Secondly ...