40% of your salary if you live in any other city.50% of your salary if you live in a Metro city.The lowest of the following will be the deduction you may make: Under Section 10(13A) of the IT Act, salaried individuals may use their rent receipts to claim a tax exemption for their House Rent Allowance (HRA).
A rent receipt also includes the date of payment in case the landlord requests a late payment fee in error.
You can show your rent receipts to prove your innocence in the event of a legal dispute between you and your landlord over non-payment of rent. Rent Receipts Save You From Legal Disputes:Ī house rent receipt is proof that you have paid your rent. Vyapar lets you generate house rent receipts online, which you can download in PDF format or any other format at your convenience. The receipts can help you save taxes, provide exemptions, and have other benefits. It would be best if you collected the receipts for the rent you paid. The house rent you pay is probably your most significant monthly expense.
