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Q.

How to fill rent receipt for income tax?

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A rent receipt serves as proof that the renter has paid the landlord the rent. Following the renter's receipt and the signing of the receipt form, the landlord provides it. But, do you know how to fill rent receipt for income tax? To fill that, you must include pieces of information like the address, landlord's name, rent amount, the period for which the rent is being paid, and so on.

What Details Should I Mention in Rent Receipt for Income Tax?

Rent receipts are frequently retained as proof when requesting the House Rent Allowance (HRA) from the employer. After the documents are verified, the employer makes allowances and deductions. The HRA allowance is computed following the requirements and is based on the rent receipts.

To fill out a rent receipt for income tax in India, you must include the following details.

  • Header Information:

    • Date: The date when the rent is paid.

    • Received from: Name of the tenant.

    • Received by: Name of the landlord.

  • Property Details:

    • Address of the rented property: Full address of the property.

    • Rental Period: The period for which the rent is being paid (e.g., month, quarter).

  • Rent Details:

    • Rent Amount: The amount of rent paid.

    • Mode of Payment: How the rent was paid (cash, cheque, bank transfer, etc.).

  • Landlord’s Information:

    • Name: Full name of the landlord.

    • Address: Address of the landlord.

    • PAN: Permanent Account Number (if the annual rent exceeds INR 1,00,000).

  • Tenant’s Information:

    • Name: Full name of the tenant.

    • Address: Address of the tenant.

  • Signatures:

    • Signature of landlord: The landlord must sign the receipt.

    • Signature of tenant: The tenant may also sign the receipt, though this is optional.

I hope you found this helpful.

Fill the Required Details and Generate Rent Receipt Easily via NoBroker

Read more

How Many Rent Receipts to Submit for Income Tax

 

1 2022-03-16T10:45:28+00:00

Hi there,

I see that you want to know about the rent receipt for income tax. I happen to know this very well as I live in Bangalore but I am from Delhi. I pay monthly rent and easily claim it under HRA deduction. Anyway, I will tell you how to fill rent receipt for income tax.

Create rent agreement online and get the legally valid copy at your doorstep

To fill a rent receipt you will have to enter the following details:

  • Name of the tenant

  • Name of the landlord

  • Payment date

  • Rent amount in numbers and words

  • House address

  • Signatures of landlord

Rent receipt is filled by the landlord and is handed over to the tenant as a proof for receipt of the rent payment. The rent receipt booklet is available in your nearest stationery shop. You can ask your landlord to buy one and give you the rent receipt regularly as acknowledgement.

Another way to get and fill rent receipt for income tax is by paying the rent online via NoBroker Rent pay. 

You will get an assured prize or cashbacks. The rent receipt will be generated automatically for you. 

Read more:

Is revenue stamp mandatory on rent receipt Is rent receipt mandatory for HRA exemption
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