HRA Calculator
Calculate HRA exemption under Section 10(13A) of the Income Tax Act.
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⚠️ Results are indicative only. Consult a qualified professional before making any decisions.
What is this Calculator?
The HRA (House Rent Allowance) Calculator helps you compute how much of your HRA is exempt from income tax under Section 10(13A) of the Income Tax Act. HRA exemption is one of the most significant tax benefits for salaried employees living in rented accommodation.
How to Use
1
Enter Basic Salary: Enter your monthly basic salary.
2
Enter HRA Received: Enter the monthly HRA component in your salary.
3
Enter Rent Paid: Enter the actual monthly rent you pay.
4
Select City Type: Select whether you live in a metro city (Delhi, Mumbai, Kolkata, Chennai) or non-metro.
5
View Results: See HRA Received, Exempt Amount, and Taxable HRA.
Frequently Asked Questions
HRA (House Rent Allowance) is a salary component provided by employers to help employees meet rental expenses. Part or all of it can be claimed as a tax exemption if you live in rented accommodation.
HRA exemption is the minimum of: (1) Actual HRA received, (2) 50% of basic salary (metro) or 40% (non-metro), (3) Actual rent paid minus 10% of basic salary.
Delhi, Mumbai, Kolkata, and Chennai are considered metro cities for HRA calculation, where 50% of basic salary is used. All other cities use 40%.
No. HRA exemption is available only if you live in rented accommodation. If you own the house you live in, HRA received from employer is fully taxable.
Yes, if your rented house and the house on which you have a home loan are in different cities, you can claim both HRA exemption and home loan interest deduction.
No. HRA exemption under Section 10(13A) is not available under the New Tax Regime. It is only available under the Old Tax Regime.