Table of Contents What is House Rent Allowance (HRA)The different scenario of House Rent Allowance, Employee, Rent paid or Own HouseCondition required to avail the benefit of section 10(13A)The basic fundamental of how HRA is Calculated?HRA calculation for Income TaxFew HRA Exemption Examples in Tabular FormConditions for claiming house rent allowance exemption u/s 10(13A)What if … Read more How HRA Tax Exemption is calculated u/s 10(13A)? – Calculation Guide
Amount paid by the employer in the head of the arrears of salary, have you ever thought of tax relief under section 89(1) on salary arrears: No, Most of us don’t know what is relief under section 89. Most of the employee says it “relief 89“. This article is all about “How to calculate income … Read more How to claim relief under section 89(1) on salary arrears – Download Excel Calculator
In the real world, some events can said to be uncertain, death of the dear one brings a lot of responsibility to the second-hand command of the house. Apart from the loss, his family has to confront issues relating to the transfer and distribution of the deceased’s estate, which includes all his property, assets, etc. … Read more How to file income tax return of deceased person in India? + Get Legal Heir Certificate!
Gold is another kind of asset which is taxable in the form of Capital gain on sale of Gold, In this article, we’ll clear all your question and raise your knowledge related to gold limit for individual in India 2020 & what is the Tax on Gold in India of sale/Purchase and holding of Gold in … Read more Gold limit for individual in India 2020 & How Gold Taxed?
How to claim the 80tta deduction for FY 2019-20 on interest income bank deposits. Yes, Under section 80TTA, if you earn income your bank deposit, that would be exempted (but not wholly). The income received in the form of interest from a bank savings account is taxable, however, the amount up to ₹ 10000 is exempted … Read more Section 80TTA: Saving Account Interest Income Deduction [2019-20]
Agriculture land which is reducing day by day for basic agriculture purposes, the main cause is population everybody wants land for agriculture or some other purpose, like (residential, commercial etc). This article is all about capital gain on sale of agricultural land. In India agriculture land only be available in a rural area or urban … Read more Capital Gains Sale of Agricultural Land: Section 54B Exemption 2019-20
Many Taxpayers need to learn Tax on income earned from Equity or mutual funds, and Capital Gains Tax On Shares. This article is mainly focused on the computation of capital gain tax on the sale of Equity or mutual funds. Income/Loss from sale of equity shares is covered under the head ‘Capital Gains’ Before dinning … Read more Capital Gains Tax on Shares in India 2019
Home Loan One of the life-supporting toll for the majority of employee or self-employed. Have you calculated, Is it really financially beneficially or you are paying your valuable earning to the Bank. Frankly speaking, you are paying more than double to the Bank for your Home Loan. But the fact is “You don’t have a … Read more Home loan EMI Calculator excel sheet with prepayment option India