House Rent Allowance Calculator

Our Comprehensive HRA Calculator and Documentation Tool is a one-stop solution designed to streamline your House Rent Allowance (HRA) calculations and documentation needs. Whether you’re an employee looking to optimize your HRA claims or an employer managing payroll, our calculator is here to assist you. With an intuitive interface, you can quickly determine your HRA exemption and taxable HRA amount. Our calculator simplifies the complexities of HRA tax calculations in accordance with Indian Tax Laws. Additionally, it empowers users to generate legally compliant rent/lease agreements and rent receipts, ensuring full documentation and compliance with applicable regulations. Maximize your tax savings, maintain transparent records, and make informed financial decisions with ease.

HRA Basis

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Actual House Rent Allowance Received (Annually)

Actual Rent Paid (Annually)

Basic Salary (Annually)

Dearness Allowance (Annually)

Taxability of House Rent Allowance

Exempt (No-Tax) from Income Tax u/s. 10(13A)

Taxable House Rent Allowance u/h. Salary Income

Suggested Actual Rent Payment for Claiming Maximum HRA Exemption

Generate Lease/Rent Agreement Generate Rent Receipts

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1. Execution Details

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2. Land Lord Details:

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Landlord's PAN:

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Landlord's City:

Landlord's State:

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3. Tenant's Details:

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Tenant's PAN:

Tenant's Address:

Tenant's City:

Tenant's State:

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4. Other Agreement Details:

Lease Agreement Type:

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Lease Agreement Period from:

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Monthly Lease Amount:

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Lease Payment Mode:

Lease Payment Day:

Security Deposit

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Notice Period

Witneess Details:

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Witness 02 Name:

Witness 01 PAN:

Witness 02 PAN:

Witness 01 City:

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Monthly Rent Amount:

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Monthly Rent Amount:

House Address:

Tenant's Full Name:

Landlord's Full Name:

Landlord's PAN:

Rent Period from:

Rent Period to:

Rent Payment Day:

RENTAL AGREEMENT

THIS AGREEMENT is made and executed at Mumbai on 1st April 2022 by and between Angadkumar Ramdeen Sharma, having permanent address at 201/A-Wing, Chirag Nagar No.1, Shivsena Galli, Nr. J.H.Poddar High School, Bhayandar (W), Mumbai, Maharashtra, 401101, India and having PAN No. BAIPS2955K issued by Income Tax Department (hereinafter jointly and severally called the “Landlord”, which expression shall include his heirs, legal representatives, successors and assigns).

AND

Kapindar Angadkumar Sharma, having permanent address at 201/A-Wing, Chirag Nagar No.1, Shivsena Galli, Nr.J.H.Poddar High School, Bhayandar (W), Mumbai, Maharashtra, 401101, India and having PAN No. BAIPS2955K issued by Income Tax Department (hereinafter called the “Tenant”, which expression shall include his legal representatives, successors and assigns).

WHEREAS the Landlord is the absolute owner of the Independent House situated at 201/A-Wing, Chirag Nagar No.1, Shivsena Galli, Nr. J.H.Poddar High School, Bhayandar (W), Mumbai, Maharashtra, 401101, India, consisting of kitchen hereinafter referred to as "Leased Premises".

WHEREAS the Tenant requested the Landlord to grant lease with respect to the above property and the Landlord has agreed to lease out to the Tenant the above property for residential purpose only, on the following terms and conditions:

NOW THIS DEED WITNESSETH AS FOLLOWS:

Rent and Deposit
1. The lease in respect of the “Leased Premises” commenced from 01st March 2023 and shall terminate on March 2023 (for a period of 01). Thereafter, the lease may be extended further on mutual consent of both the parties.
2. The Tenant shall pay the Landlord a monthly rent of ₹21,500/- (Rupees Twenty-One Thousand Five Hundred only). The rent shall be paid in Advance/Subsequent Month on or before day 7 of each English Calendar Month.
3. The Tenant shall pay the Landlord a Security Deposit of ₹50,000/- (Rupees Fifty Thousand only).
Maintenance, Electricity and Water Charges
1. During the lease period, in addition to the monthly rent payable to the Landlord, the Tenant shall pay for the use of electricity & water as per bills received from the authorities concerned directly.
2. It is the responsibility of the Landlord to pay and clear all the dues of electricity bills & water bills according to the readings on the respective meters till the date the possession of the premises is handed over by the Landlord to the Tenant.
3. And it is the responsibility of the Tenant to pay the same up to the date of vacating the property at the time of handing over possession of the premises back to the Landlord.
Damages, Repairs and Alterations
1. All the sanitary, electrical, and other fittings and fixtures and appliances in the premises shall be handed over from the Landlord to the Tenant in good working condition. There will be a 3-week maintenance period after the possession of the Tenant. If during these 3 weeks any defect in the same is identified & duly notified, the Landlord shall be responsible to repair/replace the same at his own cost. Upon returning the premises, all the sanitary, electrical, and other fittings and fixtures shall be restored by the Tenant to a good condition as they are at present, subject to normal wear and tear or damage by acts of God.
2. The day-to-day minor repairs such as leakage in the sanitary fittings, water taps and electrical usage etc. will be the responsibility of the Tenant at his own expense. However, any structural or major repairs, if so required, shall be carried out by the Landlord.
3. No structural additions or alterations shall be made by the Tenant in the premises without the prior written consent from the Landlord. On termination of the tenancy or earlier, the Tenant shall restore the changes made, if any, to the original state.
4. The Landlord represents that the Leased Premises is free from all construction defects such as leakage, cracks in house walls including that of compound walls, breakage of floor tiles, etc.
Tenant’s Responsibilities

The Tenant hereby assures to the covenants with the Landlord that:
1. The Tenant shall not sublet, assign or part of the Leased Premises in whole or part thereof to any person under any circumstance whatsoever and the same shall be used for the bonafide residential purposes of the Tenant and his family and guests.
2. The Tenant will keep the Landlord free of harm and free from all losses, damage, liability, or expense due to acts or neglects of the Tenant or his visitors whether in the leased premises or elsewhere in the building or its approaches.
3. The Tenant shall maintain the Leased Premises in good and tenable condition. The Tenant shall hand over the vacant and peaceful possession of the Leased Premises on termination of the lease period, in the same condition subject to natural wear and tear.
Landlord’s Responsibilities

The Landlord hereby assures to the covenants with the Tenant that:
1. The Tenant, abiding by the terms of the lease, shall be entitled to peacefully and quietly hold and enjoy the Leased Premises during the period of this lease, free of any interference from the Landlord.
2. The Landlord shall indemnify the Tenant against all damages, costs and expenses incurred by the Tenant because of any defect in the title of the Landlord which disturbs the possession and enjoyment of the Leased Premises by the Tenant under the covenants herein before contained.
3. The Landlord shall acknowledge and give valid receipts for each, and every payment made by the Tenant to the Landlord.
4. The Landlord represents that he has complied with all the statutory payments of the property including that of taxes, penalties, electric charges, water charges etc. if any. The Landlord also represents that there is no Charge including mortgage due existing on the Leased Premises which would affect the peaceful possession by the Tenant of the Leased Premises.
Lease Termination & Extension
1. Notice Period -The lease shall terminate at the end of the lease period as referred to above or by prior notice of 1 month by either party, after the lock-in period, if any.
2. Percentage increase in Rent - The lease payment & term may be extended further on termination by both parties on mutual consent.
3. Non-Payment of Rent - the Tenant fails to pay the monthly rent for a continuous period of two months, or if the Tenant fails to abide by any of the covenants above, the Landlord may terminate the lease.
4. If the Tenant cannot use the premises or any part thereof for residential purposes because of natural calamities or any commotions, or is acquired by any Government authority, the Tenant shall have the right to terminate the lease forthwith and vacate the premises and the Landlord shall refund the deposits and advance payments to the Tenant.
5. In the event the Landlord sells transfers or alienates the leased premises or any part thereof or it’s right, title and interest, then the Landlord shall terminate the lease after giving two months’ notice to the Tenant.
Additional Clauses
1. Refund of Security Deposit -The Security deposit shall be refunded by the Landlord to the Tenant at the time of handing over possession of the Leased Premises by the Tenant upon expiry or sooner termination of this lease after adjusting the dues (if any) or cost towards damages caused by the negligence of the Tenant or the person he is responsible for. This excludes normal wear & tear and damages due to act of god. No interest shall be paid on the deposit amount.
2. Food Habits - The Tenant shall strictly cook only vegetarian food within the Leased Premises.
3. The Tenant and the Landlord represent and warrant that they are fully empowered and competent to make this lease.
4. This agreement shall be executed in duplicate. The original shall be retained by the Landlord and the duplicate by the Tenant.

IN WITNESS WHEREOF the parties hereto have executed these presents the day and the year first hereinabove written.

Landlord’s Full Name
(Landlord)

Tenant’s Full Name
(Tenant)

WITNESSES (Provide Name, PAN, City, Signature and Date for each witness):

Name: ___________________
PAN: ___________________
City: ___________________

Sign: ___________________
Date: ____________________
Name: ___________________
PAN: ___________________
City: ___________________

Sign: ___________________
Date: ____________________