What is Income Tax Act 1961?
Income Tax Act 1961 Income tax, the lifeblood of any nation’s economy, plays a pivotal role in shaping both the financial well-being of individuals and the overall economic landscape. It stands as a powerful tool that enables governments to fund public services, infrastructure development, and social welfare programs. At the […]
Section 10 (13A) of the Income Tax Act
What is Section 10 (13A) of the Income Tax Act? Section 10 (13A) of the Income Tax Act provides a tax exemption on house rent allowance (HRA) received by salaried individuals. Under this section, you can guarantee exclusion on your HRA under the Personal Expense Act in the event that […]