HRA Exemption Calculator
Calculate your House Rent Allowance (HRA) tax exemption instantly. Find out how much HRA is exempt from income tax and plan your taxes better.
HRA Exemption Results
Calculation Details
Understanding HRA Exemption
House Rent Allowance (HRA) is a component of salary that helps employees meet their accommodation expenses. The Income Tax Act provides partial or complete tax exemption on HRA, making it a valuable tax-saving tool for salaried individuals.
Calculation Rules
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Actual HRA received The HRA component in your salary
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Excess rent over 10% of salary Rent paid minus 10% of basic salary
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50% or 40% of salary Based on metro or non-metro city
Metro vs Non-Metro
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Metro Cities: Delhi, Mumbai, Chennai, Kolkata - 50% exemption
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Non-Metro Cities: All other cities - 40% exemption
Important Notes
- • You must be staying in a rented accommodation to claim HRA exemption
- • Rent receipts are required as proof for claiming exemption
- • If rent exceeds ₹1 lakh annually, landlord's PAN is mandatory
- • HRA and home loan interest can be claimed simultaneously
Key Features
- Instant HRA exemption calculation
- Metro vs Non-metro comparison
- Detailed calculation breakdown
- Tax planning insights
Important Note
This calculator provides estimates based on current income tax rules. Actual exemption may vary based on:
- • Actual rent paid vs HRA received
- • City of residence classification
- • Other salary components
- • Changes in tax laws
Related Calculators
Disclaimer: This calculator provides approximate calculations based on the information provided. The actual HRA exemption may vary based on various factors including changes in income tax rules, actual rent paid, and other components of salary. For precise calculations, please consult with a tax advisor.