Hi,
Income Tax department has recently released CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013 vide which, it has been stated that an employee who is claiming House Rent Exemption (HRA Exemption) and if annual rent paid by the employee exceeds Rs.1,00,000/- (one lakh) per annum, it is MANDATORY for the Employee to Report PAN of the Landlord to the Employer / Company.
Circular specified that in case that landlord does not have pan, employee can give a declaration to this effect along with name and address of the landlord to his/her employer.
Regards,
Ramesh G
From India, Chennai
40Income Tax department has recently released CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013 vide which, it has been stated that an employee who is claiming House Rent Exemption (HRA Exemption) and if annual rent paid by the employee exceeds Rs.1,00,000/- (one lakh) per annum, it is MANDATORY for the Employee to Report PAN of the Landlord to the Employer / Company.
Circular specified that in case that landlord does not have pan, employee can give a declaration to this effect along with name and address of the landlord to his/her employer.
Regards,
Ramesh G
From India, Chennai
hi,
you are right. but amount varies. first with a value of 180000/- per annum, last year 2,00,000/- per annum. But this year I.T. Department has reduced to Rs.1,00,000 per annum.
Hope this information is useful to everyone.
From India, Chennai
you are right. but amount varies. first with a value of 180000/- per annum, last year 2,00,000/- per annum. But this year I.T. Department has reduced to Rs.1,00,000 per annum.
Hope this information is useful to everyone.
From India, Chennai
Dear Ramesh,
Thanks for the details.
Is there any change after CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013.
I am residing in Chennai and pay more than a Lakh per annum as house rent through cash mode. I applied for HRA exemption with my payroll team for the rent paid during the financial year 2017 - 18.
I have submitted a ‘ No PAN’ declaration from landlord wherein the landlord signed that he /she does not have any taxable income and hence have no PAN.
I submitted rental agreement along with rental receipts also.
But my company doesn’t accept those as stating the reason ”Staff who had paid rent in excess of Rs.1 lakh per annum have not submitted PAN of the landlord. It is mandatory for the employer to obtain PAN of the landlord for granting HRA exemption to staff”. And also my company revoked my HRA exemption claim.
Please advise whether this decision from the company is right or wrong?.
Please support.
From India, Chennai
Thanks for the details.
Is there any change after CIRCULAR NO: 08/2013 F.No. 275/192/2013-IT(B) dated 10.10.2013.
I am residing in Chennai and pay more than a Lakh per annum as house rent through cash mode. I applied for HRA exemption with my payroll team for the rent paid during the financial year 2017 - 18.
I have submitted a ‘ No PAN’ declaration from landlord wherein the landlord signed that he /she does not have any taxable income and hence have no PAN.
I submitted rental agreement along with rental receipts also.
But my company doesn’t accept those as stating the reason ”Staff who had paid rent in excess of Rs.1 lakh per annum have not submitted PAN of the landlord. It is mandatory for the employer to obtain PAN of the landlord for granting HRA exemption to staff”. And also my company revoked my HRA exemption claim.
Please advise whether this decision from the company is right or wrong?.
Please support.
From India, Chennai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Note on HRA & LTA Exemption.doc
About HRA Exemption.pdf