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Naveen (student)     31 March 2021

Maximum Rent payable for HRA exemption

Hii guys

My brother is paying Rent 8000 per month and claiming HRA. Now is there any Maximum limit for rental payment to claim HRA..? Can we show 15,000 per month and claim HRA. We are ready to file income tax return in the recipient name..

Plse Share if there is any provision regarding Maximum Rent payable..


 7 Replies

Sourav

Sourav (Student)     31 March 2021

While calculating income from salary HRA shall be calculated on the basis of rent paid per month from that exemption u/s 10(13A)

shall be deducted:

Actual HRA Received :

Less : Exempt u/s 10(13A) lower of the following :

i) Actual HRA Received

ii)Rent paid less 10% of salary

iii) 50% of salary
Naveen

Naveen (student)     31 March 2021

Bro what I asked is "Is there any specific provision stating the maximum Rent payable". I'm not asking about HRA exemption computation
SUSHANT BIDAYE

SUSHANT BIDAYE   31 March 2021

There is no specific provision restricting rent.

you can even pay 1 crore rent per month.

you need to justify it considering market rate etc.
1 Like
Naveen

Naveen (student)     31 March 2021

Thanks Sushant
CA Puja Sharma

CA Puja Sharma (Chartered Accountant)     31 March 2021

You can claim any amount of rent if you can justify the payment with actual rent receipts and claim eligible HRA on it.

If the rent paid is less than Rs,. 1,00,000 then PAN is not required to be reported to the employer. 

Kapadia Pravin

Kapadia Pravin   31 March 2021

You can not ask Government to fix maximum rent amount for each and every property
Sourav

Sourav (Student)     31 March 2021

No there is no provision provided for Maximum Rent payable

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