At present, salaried employees in Mumbai, Delhi, Kolkata, and Chennai are allowed to claim HRA exemption of up to 50 per cent of their salary, while those living in other locations are eligible for a lower limit of 40 per cent.
The legislation does not introduce any new tax rate and focuses on simplifying language to make complex provisions easier to understand.HRA framework and eligibility normsThe notified rules retain the ...
The Anti-Corruption Bureau (ACB) on Thursday evening arrested a school headmaster for allegedly demanding and accepting 50% of a teacher's house rent allowance (HRA) as bribe to clear the allowance ...