Rent Receipt Generator Online - Generate House Rent Receipt (2024)

My name is

I pay monthly rent of

My PAN number (optional)

House owner’s name

House owner’s PAN number (optional)

Rented house address

Receipt preview

Rent receipt

Receipt: 1/4

Received sum of from towards the rent of property located at for the period

Please find below the steps to generate the rent receipts for FREE using the approved house rent receipt format:

• Step 1:To generate an online rent receipt, you need to first fill out your full name and the monthly rent you pay.
• Step 2:Fill in your house owner's name, PAN number (if you have) and the full address of the rented property, where you reside
• Step 3:Enter the duration for which you need to generate the rent receipts
• Step 4:On the final screen, you can preview the sample, print or download rent receipts pdf with just a single click.

There are multiple benefits of rent receipts. Here are some of them:

• Record Keeping: Rent receipt is the physical document record of rent payment. You can keep rent receipts to keep track of your rent payment history.
• Proof of Payment: It serves as proof that you have paid rent to the landlord for a specific period, which can be used for future reference.
• Tax Purposes: You can use house rent receipts to claim HRA exemption from the employer. Thereby reducing your tax liability. Also, if you are a landlord, you can use rent receipts to report rental income for tax purposes. If you want to calculate HRA exemption from your salary income, you can use our HRA calculator.
• Budgeting and Financial Planning: Rent receipt for the house can be helpful in budgeting and financial planning. You can better manage your finances and plan for other expenses by keeping track of rent payments.

As explained above, a salaried employee has to submit a rent receipt as a proof of rental expenses to his company - this is in accordance with the Income Tax Act, 1961. A rent receipt is provided by the landlord when he receives the rent from the tenant - it has his signature that confirms the receipt of payment. If you are paying rent, you can submit the rent slip as evidence and save tax - total amount is reduced from your gross taxable income.

A typical rent receipt format comprises the following key part:

• Tenant Name
• Landlord Name
• Rent Paid
• Rental Period
• House Address
• Signature of Landlord

Some other elements that could be a part of the rent slip format include: PAN of the landlord, if annual rent exceeds ₹1,00,000 in a year and Revenue Stamp (where amount exceeding ₹5000 is paid).

• One must have a valid rent agreement - the agreement has to have all the relevant details including monthly rent, time period of agreement or any utility bills.
• If it is a shared accommodation, then all the details must be mentioned in the agreement, along with the number of tenants, ratio of how rent and utility bills are to be divided.
• It is better to pay rent online rather than by cash. This helps you keep track of the transactions in a seamless manner.
• One must ask for a rent receipt with revenue stamp in order to ensure its validity for tax purposes. It is important to share rent receipts with the employer to claim HRA exemption for monthly rent paid above ₹3,000
• Besides rent receipts, if the rent payment exceeds ₹1 lakh annually, then it is mandatory to provide the PAN of the landlord to your employer to avail the full benefit of HRA exemption.
• If the PAN is not available, then the landlord must be ready to give a declaration. This must be confirmed before deciding on a house for rent. Along with the declaration, one needs to also obtain 'Form 60' duly filled by your landlord. These documents need to be submitted to the employer.
• There could be a situation, where an employee might pay a higher payment different from what is mentioned in the rent agreement. In this case, tax exemption is calculated on the basis of the rent receipt shared by the employee.