Income tax laws need to recognize more cities as metros for HRA tax exemption: Will Budget 2024 include these?

The house rent allowance (HRA) is one of the common component in the salary structure of an employee. However, not all employees get similar benefit due to difference in the place of residence. The HRA rules allow 50% exemption for metro cities and 40% for non-metro cities. There is a need to amend definition of metro cities under the Income-tax Act.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2J4hluA
via IFTTT

Comments

Post a Comment

Popular posts from this blog

How to Establish a Good Relationship and Where to Use It

Image
How and where to Create a Good Relationship Do you want your partner to feel loved and connected to you? These pointers can learn how to develop and maintaining a healthy, pleasant, and rewarding romantic relationship. Creating positive relationship Every love affair has its ups and downs, and they all require effort, dedication, and the desire to adapt and evolve alongside your partner. There are actions you can take to build a healthy relationship, whether you're just starting out or have been together for years. Even if you've had a lot of unsuccessful relationships in the past or struggled to rekindle the romance in your present relationship, there are ways to stay connected, achieve contentment, and enjoy long-term happiness. What makes a relationship healthy? Every relationship is different, and people have met for a variety of reasons. Sharing a common goal for what you want your relationship to be and where you want it to go is part of what forms a healthy relationship....
Read more

12 New Fund Offers open for subscription

Image
12 new fund offers (NFOs) from 11 fund houses are open for subscription at this moment, including Aditya Birla Sun Life Business Cycle Fund, Axis Nifty 50 Index Fund and Edelweiss Large & Midcap Index Fund. from Personal Finance News-Wealth-Economic Times https://ift.tt/3FplU88 via IFTTT
Read more