IndiaFilings » Learn » Rent Receipt Format

Rent Receipt Format


Rent Receipt Format

A receipt is a note or memorandum or writing whereby any money or bill of exchange, cheque or promissory note is acknowledged to have been received. Under the Indian Stamp Act, any person receiving money exceeding Rs.500 or any bill of exchange, cheque or promissory note for an amount exceeding Rs.500 or receiving in satisfaction or part satisfaction of a debt any movable property exceeding Rs.500 in value, on-demand by the person paying or delivering such money is required to give a duly stamped receipt for the same.  Registration of receipt is not required. However, if a receipt creates an interest in immovable property of the value of Rs.100 or upward. Then registration is required.

Rent Receipt

A rent receipt is a document that proves the payment of rental for the property by a tenant to the landlord. In India, employers are required to have proof before allowing HRA exemption. Hence, rent receipts are requested by employers to allow exemption on HRA. Further, if the annual rent paid a tenant is more than Rs. 1 lakh, it is mandatory to obtain PAN of the landlord and report it to the employer to claim HRA exemption.

Rent Receipt Format

RECEIVED from [Mr./Ms.] [Tenant Name], the sum of Rs. [Amount] (Rupees [Amount in words]), on account of rent of [Property Address Line 1], [Address Line 2], [City], [State] [Pincode], inclusive of all taxes, for the month of [Month, Year] by way of [cash or cheque or demand draft].

Arrears: [NIL or amount in numbers and words, if applicable]

Date: [Date of receipt of money]

Place: [City, State]                                                                                                                                                     (Landlord)

Download rent receipt format in word format or Download rent receipt in pdf format