Hra exemption

You are required  to file  declaration in respect of Rent  for HRA Exemption, onlt if rent paid in a year exceeds Rs. 1,80,000/-. Then only you are required to quote PAN No. of your landlord. In your case as the monthly Rent is Rs, 10,000/- i.e. Rs 1,20,000/- in a year, you are not required to file any declaration. You can claim HRA benefit by submitting Copy of  Rent Agreement to your employer. You can submit other proof of payment od Rent like Bank Statement instead of Rent Receipt.
 

Originally posted by : SAURABH NENE
	You are required  to file  declaration in respect of Rent  for HRA Exemption, onlt if rent paid in a year exceeds Rs. 1,80,000/-. Then only you are required to quote PAN No. of your landlord. In your case as the monthly Rent is Rs, 10,000/- i.e. Rs 1,20,000/- in a year, you are not required to file any declaration. You can claim HRA benefit by submitting Copy of  Rent Agreement to your employer. You can submit other proof of payment od Rent like Bank Statement instead of Rent Receipt.

Thanks saurabh but from oct 2013 onwards limit reduced to 1,00,000/- that's my concern.

You seem very sure that your landlord will receive a notice from income tax if you declare his PAN.

i am taking precautionary measure. because i am staying here past 4 years. if he get noticed surely i need to leave that room.

Simply Bifarcate the Heads & then show seperately.

Rent Component Seperate Suppose 8000/- p.m.

Rest Electricity & Water Suppose Rs 2000/- p.m

will not qualify for deduction under HRA and dont show in rent receipt

hope it may serve your purpose & your problem may be solved.

Please note PAN of landlord is to be declared if rent paid in a year exceeds Rs. 1.00 lakhs.

And not Rs. 1.80 lakhs as mentioned above.

As per new circular, now if you pay more than Rs. 1 Lakh per annum as rent then you have to give PAN of your landlord to your company & if your landlord has not PAN then you have to give a declaration of it to your company in a specific format.

It is not mandatory that Income Tax Department will send a notice to every landlord who declare that he has not any PAN, so be patient.

Thanks everyone