Income from house property
How to Claim Tax benefits from HRA
House Rent Allowance [HRA] is given by the employer to the employee to meet the expenses in relation to the rent of the accommodation which the employee might have to take for his residential purpose. The HRA so paid to the employee is taxable under the head “Income from Salaries” to the extent it so […]
Calculating Income Tax on Income from Property
The tax structure according to the income tax Act of 1961 is intrinsically divided into five major categories for calculation of tax. Income from salary, income from house property, profit from business, capital gains and income from other sources constitute the five basic elements used to calculate the final tax. While income from salary, capital […]
