Sunday, 21 February 2016

PAN Card declaration from Landlord for HRA Claim by employees

PAN Card declaration from Landlord for HRA Claim by employees



salaried employees drawing house rent allowance upto Rs.3000/- per month will be exempted from production of rent receipt.
Further if annual rent paid by the employee exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.

***Form of Declaration of PAN by the landlord Download

***Income tax Data sheet download


NOTE:BEFORE ENTER INTO  Income Tax software - PLEASE FILL UP THE ABOVE FORMAT... 

DETAILS OF SALARY RECEIVED BY THE EMPLOYEE
BASIC PAY RECEIVED (ANNUALLY) 632190 data comes from IT annexure -I
DA RECEIVED (ANNUALLY) 73977 data comes from IT annexure -I
HRA RECEIVED (ANNUALLY) 75861 data comes from IT annexure -I
HOUSE RENT PAID BY THE EMPLOYEE (ANNUALLY) 147600 MONTHLY RENT PAID  Rs.12300 *12 MONTHS = 147600
DO YOU LIVE IN METRO CITY NO
CALCULATION OF HOUSERENT 
HRA RECEIVED BY EMPLOYER 75861 data comes from IT annexure -I
40% OF SALARY 282467 Salary 
EXCESS RENT PAID OVER 10% SALARY 76983 Actual House Rent paid - 10% of your Salary

 147600 - 70617  =76983
ELIGIBLE  HRA  EXEMPTION  75861

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