RB Associates and Tax Matters

Blog by RB Associates and Tax Matters

Big Tax Relief Coming for Salaried Employees? Understanding the Proposed Changes in Income Tax Rules

By RB Associates and Tax Matters

Recently, draft Income Tax Rules have suggested major increases in certain salary allowances. If implemented, salaried employees may be able to reduce their taxable income significantly — even up to ₹3.55 lakh per year through proper salary structuring.
28.02.26 09:52 AM - Comment(s)
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New HRA Rule in Income Tax — Simple Explanation for Everyone

New HRA Rule in Income Tax — Simple Explanation for Everyone

By RB Associates and Tax Matters

If you are a salaried employee and you claim House Rent Allowance (HRA) to save income tax, there is an important update you should know. The Income Tax Department has made new changes in the Income Tax Return (ITR) forms to stop fake rent claims.
25.02.26 04:46 PM - Comment(s)
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Union Budget 2026: Expected Changes in Income Tax & GST

Union Budget 2026: Expected Changes in Income Tax & GST

By RB Associates and Tax Matters

Every year, the Union Budget decides how much tax we pay and how easy or difficult compliance will be. As Budget 2026 approaches, salaried people, business owners, and professionals are all hoping for relief, clarity, and simplicity.

Let’s understand what changes are expected in Income Tax and GST —...

28.01.26 12:26 PM - Comment(s)
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GST on Swiggy & Zomato Orders – ITC Rules for Restaurants

GST on Swiggy & Zomato Orders – ITC Rules for Restaurants

By RB Associates and Tax Matters

Online food delivery through Swiggy and Zomato has become a major part of restaurant business. However, many restaurant owners are confused about GST liability, ITC eligibility, and return filing for these transactions.
22.01.26 02:57 AM - Comment(s)
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 GST Update — Understanding Electronic Credit Reversal & Re-claimed Statement and RCM Liability / ITC Statemen

 GST Update — Understanding Electronic Credit Reversal & Re-claimed Statement and RCM Liability / ITC Statemen

By RB Associates and Tax Matters

The GST Network (GSTN) has issued an important update regarding the reporting of: ✔ ITC reversal and re-claim ✔ RCM liability and corresponding ITC claim. To avoid clerical mistakes and excess ITC claims, GSTN has introduced two ledgers on the GST portal
06.01.26 04:49 AM - Comment(s)
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