https://www.taxtmi.com/article/detailed?id=5351 House Rent Allowance exemption requires occupancy of rented residential accommodation and actual payment of rent; where annual rent to a landlord exceeds a prescribed threshold the employer must obtain the landlord's PAN or a declaration. Exemption equals the least of three prescribed measures, computed using salary (basic, qualifying dearness allowance, and fixed commission), with metropolitan and non metropolitan percentages, and must be calculated for the periods rent is paid. Excess HRA is taxable; related party rent payments, documentation, and coexistence with home loan benefits are addressed. en-us Fri, 15 Nov 2013 14:34:23 +0530 Fri, 15 Nov 2013 14:34:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5351 House Rent Allowance exemption requires occupancy of rented residential accommodation and actual payment of rent; where annual rent to a landlord exceeds a prescribed threshold the employer must obtain the landlord's PAN or a declaration. Exemption equals the least of three prescribed measures, computed using salary (basic, qualifying dearness allowance, and fixed commission), with metropolitan and non metropolitan percentages, and must be calculated for the periods rent is paid. Excess HRA is taxable; related party rent payments, documentation, and coexistence with home loan benefits are addressed. Articles Income Tax Fri, 15 Nov 2013 14:34:23 +0530 https://www.taxtmi.com/article/detailed?id=5351