CBDT vide circular 08/2013 dated 10 Oct 2013 has made it mandatory that if the annual rent paid by the employee to his/her landlord exceeds Rs 1,00,000 per annum, he/she will have to report the PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.
The earlier limit was Rs 15,000 per month when the PAN of the owner was required. For the financial year 2013-2014, the submission of the PAN of the landlord is necessary if the rent exceeds Rs 8,333 per month.
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6The earlier limit was Rs 15,000 per month when the PAN of the owner was required. For the financial year 2013-2014, the submission of the PAN of the landlord is necessary if the rent exceeds Rs 8,333 per month.
From India, Delhi
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Please note that Rs 1 Lakh per year is different from Rs 8,333 per month. For example, if an employee lives in a rented house for 10 months and pays Rs 90,000 as rent during the year, the employee need not submit the PAN of the landlord even though the monthly rent of Rs 9,000 is more than Rs 8,333. Please take a look at our blog post for our thoughts in this regard.
Tax Exemption on HRA - PAN of the Landlord « Hinote Systems - Outsourced Payroll Services & Online Payroll Software
From India, Madras
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Tax Exemption on HRA - PAN of the Landlord « Hinote Systems - Outsourced Payroll Services & Online Payroll Software
From India, Madras
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Revised Transfer Claim Form Circular dated on 25-Jul-2013.pdf