Understand how the ₹75,000 standard deduction on salary works under new and old tax regimes. Learn eligibility, savings impact, and how to claim it in ITR filing. Introduction: Why the Standard Deduction on Salary Matters Now More Than Ever The Union Budget 2024–25 brought a significant relief for India’s salaried and pensioned citizens. One of … Read more
Use our free HRA Calculator to find your exact exemption for 2025. Understand the 3-condition rule, metro vs non-metro city logic, rent rules, and claim limits. Updated with examples, tax regime info, and ITR compliance guidance. If you’re a salaried employee in India living in rented accommodation, House Rent Allowance (HRA) can significantly reduce your … Read more
Understand how income tax is calculated in India for FY 2024-25. This simple guide covers tax slabs, deductions, new vs old regime, and examples to help you plan your taxes smartly and save more. Understanding how income tax is calculated is essential for every taxpayer in India, especially as tax laws and slabs often change … Read more
Learn how to use a TDS on salary calculator to determine your tax deductions accurately. This guide covers TDS rates, exemptions, step-by-step calculations, and how HR Calcy simplifies the process. In India, Tax Deducted at Source (TDS) on salary is calculated based on the Income Tax Slabs applicable for the financial year (FY). The employer deducts TDS under Section 192 of … Read more