Remember that for income tax purposes, expenses are considered on a financial year basis and not the calendar year basis. for 3 month period, for half-yearly period or for an annual period according to the financial year. No, rent receipts can be submitted for an entire quarter i.e. Even if you are paying your rent through credit card or other online money transfer channels, you need to procure rent receipts from your landlord and submit the same to your employer to claim HRA deductions. Your employer will ask you to submit the rent receipts before the end of the financial year, typically between January and March. Yes, aside from quoting the landlord’s PAN, you will also have to provide a self-attested copy of his PAN along with the rent receipt. Only those tenants have to provide PAN of the landlord who are paying a monthly rent of Rs 8,333 or Rs 1 lakh per year. Re 1 revenue stamp is used on each rent receipt. What is the value of the revenue stamp used on the rent receipt? Those paying rent to their parents must also provide rent receipts as proof of payment in order to claim HRA deduction. It is mandatory to provide the rent receipt to your employer if you want to claim HRA for rental accommodation with a monthly rent payment of over Rs 3,000.
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