How to declare HRA?

House Rent Allowance (HRA) is compensation provided by employers to employees for rent paid near their workplace. To claim HRA deduction under Section 10(13A) of the Income Tax Act, employees need to provide details like rent paid, PAN and address of the landlord, city of residence, and more.

Steps to Declare HRA Exemption:

1. Go to My Finances ➔ Manage Tax ➔ Declaration tab.

2. Select House Property and choose one of the following:

   • Add Rented Residence: If you are residing in a rented property.

   • Add Own Residence: If you are residing in your own property.

     

Rented Residence:

1. Select the From & To month, then enter details like Rent Amount, Address, and City.

2. Attach Rent Receipts or Agreement, then click Next.

   

3. Enter Owner Name and Owner’s Address.

4. If the owner's address is the same as the rental address, check the box that says "Owner address same as rental address."

5. Add the PAN Number of the owner or upload the Rent Agreement and click Save.

   

Own Residence:

1. Select the Occupancy Type and click Next.

   

2. Enter Residence Details and add Loan Interest (if applicable).

3. Click Save.

Note: HRA exemption is applicable only if you are under the Old Tax Regime.