Rent Receipts Generator
- Avoid the tension of organizing rent receipts at the last minute
- Generate the invoice in a PDF file
- Get your landlord’s signature on the receipt.
- Forward it to the HR Department of your company.
FREE
What is a Rent Receipt?
A rent receipt serves as a confirmation of payment made by a tenant to their landlord for rental purposes. Typically issued annually or monthly, the landlord provides this receipt after receiving the rent payments. The rent receipt contains essential transaction details, including the parties’ names, rent amount, payment period, and property information. Whether for commercial or residential rental agreements, the rent receipt serves as a legal record of interactions between landlords and tenants, often playing a crucial role in resolving disputes. Opting for digital rent receipts offers the advantage of efficient record-keeping, and utilizing various online platforms allows for convenient online payments. These rent receipt templates are also valuable for presenting House Rent Allowance (HRA) claims, adding to their versatility.
Why is it recommended to acquire rental receipts?
A salaried employee is required to submit the property or house rent receipts to their employer before the end of the financial year to avail of tax exemptions on their HRA( Housing Rent Allowance) under Section 10 (13A) of the Income Tax Act. With the right rent receipt template, it is possible to submit the document at the workplace with ease.
These can be weekly, yearly, or even monthly rent receipts. The lowest rent receipt form of the three amounts would be eligible for Tax exemption-
- Actual HRA amount obtained from the employer
- 50% of the Salary (exclusive to Delhi, Bombay, Chennai and Kolkata)
- 40% of the Salary (Rest of India)
- Actual rent paid minus 10% of employee’s remuneration.
Generate Free Rent Receipts Online
Using our free rent receipts generator is a hassle-free and cost-free process. You can effortlessly create rent receipts by following a few simple steps:
STEP 1: Enter essential details:
- Rent amount paid
- Names of the renter and rentee
- Duration for which the rent is paid
STEP 2: Click the Print Button: Print the receipt, and ensure it is signed and stamped by the renter.
STEP 3: Submit to HR: Submit the receipt to your HR department before the fiscal year’s conclusion to claim tax exemptions.
Before finalizing a template, it’s advisable to review rent receipt samples. These samples offer insight into creating the ideal receipt for both personal and professional use. Multiple rent receipt samples can be found online.
Frequenty Asked Questions
Just fill in the above form and you will get the receipt in PDF format on the email address you provide.
It’s important to keep in mind that your rent receipt must include the following components:
- Names of the landlord and the tenant.
- Rent amount paid.
- Time period for which the payment was made.
- Date of the payment.
- Address of the rented property.
- Signature of the property owner.
Indeed, rent receipts are records that validate rent payments between tenants and landlords. While it is possible to write them by hand, it is recommended to print receipts instead of handwriting them. This practice enhances their admissibility and credibility.
The use of a revenue stamp is required for rental payments exceeding Rs 5,000 that are made in cash. The landlord’s signature on the stamped receipt verifies the transaction. However, if the monthly rent is below Rs 5,000, there is no need to attach a revenue stamp, even if the payment is made in cash.
Absolutely, if the tenant is responsible for paying the maintenance charges for the property, these charges can be included in the rent amount for the purpose of claiming tax exemptions.
