Understanding how to properly claim House Rent Allowance (HRA) exemption can significantly reduce your taxable income. Many salaried employees, however, unknowingly miscalculate their HRA, missing out on these valuable tax benefits. Are You Eligible for HRA Exemption? If you’re a salaried employee receiving HRA and residing in rented accommodation, you’re likely eligible for a tax … Read more
Did you miss India’s July 23rd tax rule change? You might be overpaying capital gains on your ITR 2025! If you’ve sold a house, shares, gold, or other capital assets recently, especially during the Financial Year 2024–25, pay close attention. A major shift in India’s capital gains tax structure, introduced by the Finance (No. 2) … Read more
Senior Citizens: Unlock a ₹50,000 Tax Break on Medical Expenses – No Health Insurance Needed Are skyrocketing healthcare costs a concern for you or your elderly parents? Even without health insurance, senior citizens can claim a significant tax deduction! Many seniors struggle with the high cost of health insurance, but Indian tax laws offer a … Read more
Given the current date and location, the provided information on Capital Gains Tax for mutual funds, effective July 23, 2024, is indeed highly relevant. As of today, July 9, 2025, these changes have been in effect for almost a year. Therefore, the post does not require rewriting for accuracy regarding the effective date. However, I … Read more