Income Tax
Income Tax
HRA relief: Bengaluru, Hyderabad, Pune and Ahmedabad now get the 50% exemption limit
Under the Income-tax Rules 2026, salaried people in four more cities can claim HRA exemption up to 50% of basic pay from tax year 2026-27.
Income Tax
New Income-tax Act 2025 in force: “Tax Year” replaces FY and AY, slabs unchanged
The Income-tax Act, 2025 replaced the 1961 law from 1 April 2026. Rates and the ₹12 lakh rebate continue; the big visible change is a single “Tax Year”.