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Maximum Rent payable for HRA exemption

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student
334 Points Posted on 31 March 2021
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..
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On 31 March 2021 at 17:54 Report
Replies (7)
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Chartered Accountant
24588 Points Posted on 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
129 Reply
On 31 March 2021 at 18:00
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student
334 Points Posted on 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
1 Reply
On 31 March 2021 at 18:02
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721 Points Posted on 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.
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On 31 March 2021 at 18:05
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student
334 Points Posted on 31 March 2021
Thanks Sushant
1 Reply
On 31 March 2021 at 18:06
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Chartered Accountant
5010 Points Posted on 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. 

8 Reply
On 31 March 2021 at 18:12
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17264 Points Posted on 31 March 2021
You can not ask Government to fix maximum rent amount for each and every property
101 Reply
On 31 March 2021 at 18:32
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Chartered Accountant
24588 Points Posted on 31 March 2021
No there is no provision provided for Maximum Rent payable
129 Reply
On 31 March 2021 at 18:53


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