An annual rent of Rs 1,00,000 corresponds to Rs 8,333 per month – so if you rent a house and make a payment of more than 8,333 per month – consider receiving the PAN from the landlord, or you may lose the HRA exemption. Good morning, sir. I work with a company. I receive HRA 20000 pm. My actual rent is less than Rs 1 Lake Pro Anum. For the use of the HRA construction, my eployer asks for a copy of the lease. This is necessary if I pay 8300 pm. Please let him know. Some people create false rental supporting documents and try to claim the HRA tax exemption. Dear Sir, Council, A person who works in Gurugram (HR) and has his own house in Kolkata (WB), who is on loan from SBI and who also pays for the rental of a house for another house in the same city. Can he claim both (HRA and interests in the property).
An early response is appreciated. I need your advice in this particular case – I pay a total of 14,000 in the form of a monthly rent – of which 12,000 go to the owner of the rented house, and rs. 2,000 goes to the broker (which is also relative to the owner – a PoA) – he quotes them as furniture expenses. It also says: That the rental receipt is issued for a total of Rs 14,000. (while in reality only Rs 12,000 goes to the owner) There is no particular model of HRA rental confirmation in India, you can add the following details in the rental receipt: It is clear, from the above rules, that there are 4 factors that decide your right to exempt the rental (HRA). You are: Yes, the husband can pay rent to the wife and claim HRA if the wife owns the house. The same would be piled up in the woman`s income below her head (income from home ownership) and taxed accordingly. Yes, both can be used. The home rental subsidy has no impact on the deduction of interest on the housing construction loan. No no. The lease is not mandatory for the HRA exemption, but it is better to have one, as your CA may require it for lower TDS.
False supporting documents can be taken by the income tax officer and you may have to pay penalties with the income tax due. Sir I am in defence, and my wife is placed in paramilitary forces and at different stations, both without government quarters. Can we claim HRA? If you look at the resolution of your CTC statement, you will find a term HRA that stands for House Rent Allowance. It is paid to compensate the employee for the rent he pays in the absence of a business district. So is „House Rent Allowance (HRA)“ taxable income for you? The answer is „yes“ and „no“ because part of the House Rent Allowance (HRA) is tax-exempt for you. So how do you calculate the duty-free share of House Rent Allowance (HRA) in your salary? Note that employees who earn HRA up to Rs 3,000 per month are exempt from creating rental income.. . . .