IT Exemption on HRA – PAN of House Owner Rent paid in excess of Rs. 1 lakh

PAN of House Owner for HRA Exemption against Rent paid in excess of Rs. 1 lakh – Practical Difficulties faced by the persons claiming HRA Exemption IT Exemption on HRA –¬†As per Circular No.08/2013, a person assessed to income tax has to submit PAN of the house owner, if he/she intends to claim HRA Exemption…

Revised DA, HRA, TA and Other Allowances consequent on 6CPC implementation

Government has announced the the Dearness Allowance rates (DA rates) applicable to each half year from the year 01-01-06, consequent on implementation of Sixth Pay Commission report. The following are the revised DA Rates : Date from which Payable Rate of DA per mensem From 1.1.2006 Nil From 1.7.2006 2% of basic pay + NPA…