HRA Exemption,
section 10(13a),
How to show HRA in ITR,
How to claim HRA in ITR,


Calculation of House Rent Allowance (HRA) under section 10(13A) of Income Tax Act, 1961

1) How to calculate HRA Exemption
2) HRA Exemption to salaried employees
3) House Rent Allowance is an allowance given to employees for meeting rent expenses.
4)HOUSE RENT ALLOWANCE u/s 10(13A), What is HRA, Rules for HRA Exemption, How Much is Exempt
5)The HRA deduction available is the least of the following amounts:

a. Actual HRA received;

b. 50% of [basic salary + DA] for those living in metro cities (40% for nonmetros); or

c. Actual rent paid less 10% of basic salary + DA

6) In case you stay with your parents, you are eligible to pay rent to your parents and collect a receipt for HRA claim. However, similar rules don't allow you to pay rent to your spouse and claim a tax exemption.

7)You can also avail tax benefits of HRA along with a home loan.

8)If the annual rent of your accommodation exceeds Rs.1,00,000, then presenting the landlord's PAN card is mandatory. Also, in case the landlord does not have a PAN card, he/she can provide a selfdeclaration.

9)Another important rule is that in case your landlord is an NRI, you must deduct 30% tax from the rent amount that needs to be declared.

10)If you are making payments towards rent for any furnished or unfurnished residential accommodation occupied by you, but do not receive HRA from your employer, you can still claim the deduction and that would be under Section 80GG.

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