If you are living in a rented house then you can take advantage of House rent allowance (HRA) to reduce the tax burden. This is an allowance given by the company to the employees as part of the salary. But for those who do not live in a rented house, it is completely taxable.
For tax relief through House rent allowance (HRA), you need some important documents, one of which is the PAN card of the landlord. But even if you do not have a PAN card of the landlord, you can still take advantage of the House Rent Allowance (HRA). Know how you can take advantage?
To be disclosed in FORM 16
Several claims are required to be filed while filing ITR. One of these is FORM 16. Here you have to disclose the benefits received under House rent allowance (HRA). The amount of HRA is required to be disclosed under section 10. HRA gives tax exemption to all the taxpayers.
What to do if the landlord does not have a PAN card?
- If your rent is above Rs 1 lakh per annum, then only you are required to apply PAN card of the landlord. But what will you do if you do not have the PAN card of the landlord in such a situation?
- If you do not have a PAN card, then in such a situation you have to file a declaration with the name and address of the landlord. However, if your annual rent is less than 1 lakh, then you do not need to apply PAN card of the landlord. In such a situation, you only have to give the house rent receipt to the company to show the payment of your rent.
last date is near
The last date to file ITR is 31 December 2021. Earlier this date was 31 September 2021.
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