Rent receipts serve as proof that rent has been paid to a landlord. Keeping it safe is crucial to preserving your tax savings. The Housing Rent Allowance (HRA) is only available to salaried employees if they have rent receipts.
The amount of tax saving on rent is equal to amount of HRA (House Rent Allowance) exemption you are eligible to claim.
The following are the details which are required in the rent receipt: Tenant Name (If you are the tenant, fill in your name) Landlord's Name. Amount of Payment. Date of Payment. Rental Period. House Address (Rented Property) Signature of Landlord or Manager.
Fill in the required details and click on “generate rent receipt Now” to create a Rent receipt.