Rent slip against HRA by an employee
This query is : Resolved
20 May 2009
Are there any statutory requirements which a company shd consider while its employee submits Rent Slips for claiming HRA exemption?
20 May 2009
The employer has to consider whether the rent paid based on the area where he was residing is reasonable or not.
In case of doubt it is better to receive a confirmation letter from the employee, stating that the particulars given by him are true and correct.
In case of doubt it is better to receive a confirmation letter from the employee, stating that the particulars given by him are true and correct.
21 May 2009
A company has hundreds of employee residing in different areas. Its practically not possible to go & check whether Rent amt is reasonable as per area he is residing and type of house he has taken on rent. As for confirmation, he states the amt in the declaration duly signed.
So, will there be any Statutory requirement or its all upon company's internal policy?
So, will there be any Statutory requirement or its all upon company's internal policy?
02 April 2012
No statutory requirements are there while the employee submits rent paid receipts. one thing the employer should see is whether the employee declared the same or not?
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