| Applicable If |
 A portion of your salary is marked as House Rent Allowance or HRA
You are paying rent of your house |
| Conditions |
The house should not be in your kids, spouses or your own name. |
| Max Deductions |
The total amount of rent paid or the amount earmarked as House Rent Allowance in your payslip, whichever is less, will be deducted from your taxable income. |
| Limitations |
It should not be more than 50 percent of salary for those living in metro cities or 40 percent of salary for others
If you are paying more than Rs.5000 per month as house rent, you will have to submit a lease document
Rent receipts should have a revenue stamp. |
