HRA Declaration Form West Bengal - Summary
House Rent Allowance, or HRA, is an essential financial support that employers provide to their employees as part of their salaries. This amount plays a crucial role in helping employees gain tax benefits when they pay for their homes or accommodations each year. To claim HRA successfully, it is important to gather the right documents.
You will need essential supporting documents, which include the rent agreement and rent receipts. If your annual rent exceeds Rs 1 lakh, you must also provide the PAN of your landlord.
HRA Declaration Form West Bengal
For Government employees, the house rent allowance is set at 12% of their revised basic pay, with a maximum limit of Rs. 12,000 per month. Additionally, if both husband and wife are employees, their combined HRA limit also increases to Rs. 12,000 per month.
HRA rates differ from one city to another. For those working in private companies, HRA can be 50% of the basic salary in metro cities and 40% in non-metro cities, depending on specific terms and conditions that may apply.
How to Download the HRA Declaration Form
You can download the HRA Declaration Form West Bengal in PDF format easily from the link given below.