Archive | HRA

How to claim HRA exemption for rent to parents without inviting department’s wrath

It is common for taxpayers to claim HRA exemption by paying rent to parents. But a lot of us do not know the right way to do this. Let’s understand in detail. You may have heard about a recent case law of how the income tax department refused to allow HRA exemption for rent paid by a […]

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[video] What is HRA and how to claim it

ClearTax helps you easily claim House Rent Allowance (HRA) when you e-file on http://cleartax.in. Learn more about HRA and whether you’re eligible for it or not by reading our guide: https://goo.gl/xvinPY You can also check out our HRA Calculator: https://goo.gl/xey2mD What is HRA? Salaried individuals who live in a rented house can claim House Rent […]

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Form 12BB: New rules for investment proofs and tax declaration by employees

The income tax department has specified some new rules for tax declaration by employees. A new Form 12BB has been released. Your tax declarations for FY 2016-17 must be provided as per the details listed below. This change is applicable from 1st June 2016. Employee have to submit declaration of investments, deductions and exemptions they want […]

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Can I claim medical reimbursements at the time of filing my income tax return?

Several employers offer a medical reimbursement of Rs 15,000 to their employees as part of salary. Medical Bills such as doctor consultations, medical tests and medicines are allowed to be claimed against this. Where no bills are submitted, the employer deducts tax from this amount and pays the net amount to the employee along with salary. Several […]

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