Is it necessary to have rent agreement for claiming HRA

[Sameer Kapoor]

I am working with Muthoot Finance. I am living in a rented accommodation. Every month I pay Rs. 8,000 rent and would like to claim HRA exemption. I have given rent receipts to company’s accountant as proof. But he is saying that since rent is more than Rs. 5,000, I need to show rent agreement. Is it necessary?

[samkapoor77]

You need to give landlord’s PAN if the rent is more than Rs. 1 lakh in a year. It is mandatory. But rent agreement is not necessary. There is no such clause. Ask your company’s accountant to show where it is written.

[Author]

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