Budget 2024: Classify Gurgaon, Bengaluru as metros for higher HRA exemption
Under the old tax regime, a portion of HRA is exempt from tax, with the amount varying based on whether the individual resides in a metro or non-metro area.
Under the old tax regime, a portion of HRA is exempt from tax, with the amount varying based on whether the individual resides in a metro or non-metro area.
EY India says govt is likely to focus on home loans, and concessional tax regime, and that rejigging of personal tax slabs looks unlikely.