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HRA Calculator
Calculate the tax exemption you can claim on your House Rent Allowance (HRA) under Section 10(13A) of the Income Tax Act.
About This Tool
This calculator helps salaried individuals determine the portion of their House Rent Allowance (HRA) that is exempt from income tax. Understanding your HRA exemption is crucial for accurate tax planning and maximizing your take-home salary.
How to Use This Tool
- Enter your monthly Basic Salary and Dearness Allowance (DA).
- Input the total HRA amount you receive from your employer per month.
- Enter the actual rent you pay for your accommodation monthly.
- Check the box if you reside in a metropolitan city (Delhi, Mumbai, Kolkata, or Chennai).
- Click "Calculate HRA Exemption" to find out the taxable and non-taxable portions of your HRA.
Frequently Asked Questions
What is the rule for HRA exemption?+
The HRA exemption is the minimum of the following three amounts: 1) Actual HRA received, 2) 50% of salary (Basic+DA) for metro cities or 40% for non-metro cities, or 3) Actual rent paid minus 10% of salary (Basic+DA).