Explains that HRA exemption is not permitted under the new tax regime and is fully taxable. Key takeaway: employees must compare regimes to avoid higher tax ...
The income tax filing season is here and one of the most important aspects of this process is to assemble all the necessary documents. The Income Tax Return (ITR) filing for FY 2024-25 (AY 2025-26) ...
A serious flaw in the Income Tax Return (ITR) utility for FY 2024–25 could disrupt House Rent Allowance (HRA) claims for lakhs of salaried taxpayers, warned Chartered Accountant Himank Singla. The ...
A QSEHRA is a Health Reimbursement Arrangement (HRA) designed for small businesses that do not provide group health insurance. Employees can utilize the pretax funds alongside a Marketplace health ...
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