HRA Calculator
Calculate House Rent Allowance (HRA) exemption from your salary as per Income Tax rules in India. Know how much HRA is taxable or exempted based on your city and rent paid.
How is HRA Calculated in India?
As per income tax rules, HRA exemption is calculated based on your salary, rent paid, and the city you reside in. The exempted amount is the minimum of the following:
- Actual HRA received
- Rent paid minus 10% of basic salary
- 50% of basic salary (metro) or 40% (non-metro)
This calculator uses these exact rules to compute your HRA exemption.
Frequently Asked Questions (FAQs)
Who is eligible to claim HRA exemption?
Salaried individuals who receive HRA as part of their salary and pay rent for accommodation can claim HRA exemption.
Can I claim HRA without rent receipts?
Rent receipts are required if your HRA exemption exceeds ₹3,000 per month. It’s better to keep proof of rent paid.
Advertisement
Ad Space (728x90)