Category: Tax Payers
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Is it possible to pay rent to my parents in order to save on taxes
Salaried individuals often receive a house rent allowance (HRA) as part of their salary package. This allowance can be used to claim tax deductions if one is living in rented accommodation. But what about those who reside with their parents? It’s possible to still benefit from HRA by paying rent to your parents. Understanding HRA…
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Before Accepting an Offer Letter: 14 Crucial Factors to Examine
Offer letter acceptance is a significant decision that can shape your career trajectory. Before hastily signing an Offer Letter, it is crucial to conduct a thorough examination of various aspects that contribute to your overall job satisfaction and professional well-being. Here are 14 key factors to scrutinize before making a commitment. 1. Designation: – Ensure…