![]() In case your parents are landlord, make sure that they include the rental income too while filing their returns. Live physically: You must physically reside in the house mentioned by you while claiming HRA exemption. ![]() To claim HRA from your employer you need to provide following details to your employer. Your TDS shall be adjusted so you don’t have to pay tax on HRA and your final tax liability will be calculated accordingly. Income Tax Department has standardized the way of declaring HRA by introducing Form 12BB. Our article HRA Exemption,Calculation,Tax and Income Tax Return talks about it in detail. ![]() House Rent Allowance or HRA is given by the employer to the employee to meet the expenses of rent of the accommodation which the employee has taken for his residential purpose.
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