ITR filing: Keep these 4 documents safe if you want tax exemption on HRA

Zee Biz web team

Bhawna Gupta

Jul 17,2024

House Rent Allowance (HRA) is an allowance (part of CTC) provided by your employer to assist you afford the costs of living in leased housing.

What is HRA?

HRA is a portion of your pay income, which is originally deemed taxable. If you reside in a rented house, you can claim a tax exemption, either partially or completely, under Section 10(13A) of the Income Tax Act.

4 documents require to keep safe

Let us know which four documents are necessary for you to have.

Rent receipt

To claim HRA, you must have a valid rent agreement and a rent receipt.

Bank statement of online payment

Although no one asks you how you pay your rent, if you receive a letter from the Income Tax Department, you may require your bank statement.

PAN of landlord

You simply need the landlord's PAN to file an ITR or claim HRA in the firm.

Rent agreement

As a tenant, you must also have a valid rental agreement.