Rent Receipt Template For Income Tax India

Generate rent receipts for multiple rent periods in easy steps via the economic times.

Rent receipt template for income tax india. The receipt also contains the information of the person or company issuing the receipt. If rent is paid through cheque then revenue stamp is not required. Here you can create or generate printable multiple rent receipts for the full term period selected as per your frequency of rent payment viz. Receipt of house rent under section 1 13 a of income tax act received a sum of rs.

A revenue stamp is required to be affixed on rent receipts if cash payment is more than rs. Rent receipt for income tax purposes is a word format that captures information such as a particular amount paid for the tax year for a specified period. Government of india allows tax reduction on hra component of your salary. Rupees only towards house rent rs.

The rent receipts for all the months for which you are claiming hra is required to be submitted. You can easily understand it from the given table. The amount of hra exemption is deductible from the total income before arriving at a taxable income. Hra income tax provisions and hra chargeable for income tax.

If rent is paid through cheque then revenue stamp is not required. Monthly quaterly half yearly and yearly. If the amount of rent exceeds rs. The main purpose of rent receipt is to use them for tax reductions.

A revenue stamp is required to be affixed on rent receipts if cash payment is more than rs. Sample rent receipt template format coming soon more what is rent receipt. Document required to claim hra. Tenants can asked to provide a rent receipt from their landlord s to claim hra benefits in india to get the tax befits.

To claim hra you are required to submit relevant documents like rent receipts rent agreement to your employer before the end of the financial year. 1 lakh per annum the pan of the landlord is also necessary.