HRA Rent Receipt

Revenue only required if the amount reached or crossed Rs.5,000/-

in case Rent amount is less than Rs.3,000/- then  receipt or aggreement is not madatory

the HRA is calculating 50% of Basic Salary+DA

INDRA

Employees residing in rental house or PG are eligible to claim HRA, residing in own house not eligible to claim.

The following is the exemption limit for HRA, (whichever is less):

1. Actual HRA received

2. 40%/50% (Mumbai, delhi, kolkata, chennai) of salary*

3. Rent paid- 10% of salary*

(*salary means= Basic+DA (as per terms)+Comm on turnover)

Generally it is necessary to post revenue stamp on Rent receipt and don' bother it wont cost much.

Thanks to all.

HRA is given to only those who are residing in rented premises whether residential or PG doesn't matter.

Revenue Stamp for paayment exceeding Rs. 5000.

HRA Calculation :

Lowest of the three :-

1) HRA Received

2) Rent Paid - 10% of Basic + D.A.

3) 50% of Basic + D.A. in case residing in 4 Metros otherwise 40%

Is there ruling for revenue stamping for the mentioned limit??????

As u must be knowing that for every payment made above Rs. 5000 in cash u must paste a revenue stamp on the voucher....so same in applicable in case of rent receipts as well

what is the limitation for taking rent receipt?  as i don't take rent receipt below 3000/- yet. can it exceed?????? Plz help urgently

Limitation in what regard????......please clerify ur question

IT IS a WRONG PRACTICE OF NOT TAKING A RECEIPT BELOW SOME AMOUNT.

please provide proforma of rent receipt to consider for exemption

I am working as Accounts officer in sports authority of india, Pl provide a proforma of rent receipt to enable me to obtain from my employees for exemption of I.tax.

Maharudra,Accounts Officer, SAI, Gandhinagar

Originally posted by : maha rudra
	I am working as Accounts officer in sports authority of india, Pl provide a proforma of rent receipt to enable me to obtain from my employees for exemption of I.tax.   Maharudra,Accounts Officer, SAI, Gandhinagar

 Go to stationery shop and ask them to provide you rant receipt pad. They will give you the rent receipt.