Dear Expert
Kindly advice if we take home on leased base for 3 years by paying lumsum amount,in this can we claim HRA deduction?
How shll we give rent receipt for particular year
Rgds
Karthik
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How to claim hra if we stayed in lease house
Replies (8)
no need of rent receipt agreement is enough for claiming and rent payment confirmation for the year is enough
calculation rent paid in excess of 10% of salary or 40% of salary,or HRA received which ever is lower is exempted .so you should have supporting for rent paid that can be agreement or bank payment confirmation in statement of your bank.
ask the receipt by splitting the rent for 3 years proportionate ly
if you have own house in the location of your employment then no exemption is available
Ok ...thanks Mr Sanjit for u r prompt reply....
welcome karhik Kumar ji
Sorry Karthik
Hi Sanjith,
Could you advise more on this For ex. if lease amount is 5 Lakhs for 2 years, should I request for receipt of 2.5L/year and submit the same under HRA exemption?
Looking forward for a quick reply.
Thanks,
Kasim
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