For claiming a deduction on home loan interest under Section 24(b), you must be paying interest on a loan taken to purchase a property that is owned by you and for which possession has been obtained.

Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement ...

Health Reimbursement Arrangements (HRA) are offered by some employers to reimburse workers for eligible medical expenses. Health Savings Accounts (HSA) are owned by you and funded with pre-tax ...

Under the old tax regime, House Rent Allowance (HRA) is exempted under section 10(13A) for salaried individuals. However, ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Flexible spending accounts (FSAs) and health ...