Tag Archives: Tax Planning

Tax Exemption on Home Loan and HRA

Hello friends as financial year 2011-12 is going to end so salaried employees covered under tax bracket is looking for the areas and the ways regarding how they can reduce their tax liabilities. One of the points at which salaried … Continue reading

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HRA Exemption Calculator

In case you are a salaried employee and getting HRA from your employer then you can claim HRA exemption under income tax act. If you want to calculate the exempt amount of HRA received by you under section 10(13), then … Continue reading

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HRA Exemption

There is a slight change in the Payroll documentation regarding the Calculation of House Rent Allowance Under Income Tax Act. According to the Circular 05/2011 dated 16.08.2011 of the Income Tax Act: 1. If the annual rent paid by the … Continue reading

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Tax Benefits on Loans for House Property

Investment in House Property is one of the mode of tax planning under income tax act 1961. A person can claim deduction for Loan from House Property under two sections of income tax act i.e. 80C on repayment of Principal … Continue reading

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