As an employee, one of the common expenses that you incur is your rent. If you are living in a rented house, your employer may offer you a House Rent Allowance (HRA) as a part of your salary package. This allowance can be claimed as a deduction under the Income Tax Act, 1961, which can help you save on your taxes. The HRA exemption can be claimed only if the employee is … [Read more...] about How Much Tax Can You Save On House Rent Allowance? HRA Exemption Calculation For Income Tax Filing
tax saving investment
5 Post Office Investment Schemes With Good Returns And Income Tax Benefits
When it comes to investing your money, we have a wide variety of options to choose from. Right from government institutions and banks to private financial institutions - there are various places where you can invest your money for good returns. Investing your money is different from saving - while investing we look for an optimal return! We can broadly categorize the … [Read more...] about 5 Post Office Investment Schemes With Good Returns And Income Tax Benefits