HRA Exemption Calculator Online
How Does a House Rent Allowance Calculator Work?
To calculate HRA deduction, the calculator considers the following inputs:
Basic salary
HRA received
Rent paid
City of residence (metro or non-metro)
The exemption is calculated based on the least of the following:
Actual HRA received
Rent paid minus 10% of basic salary
50% of basic salary (metro cities) or 40% (non-metros)
By using a house rent allowance calculator, you can calculate HRA online instantly and determine how much of your HRA is exempt from tax and how much is taxable.
As per Rule 2A of the Income Tax Rules, the exemption on House Rent Allowance (HRA) under Section 10(13A) is calculated by considering the least of the following three amounts:
The lowest of these three values is exempt from tax and does not count as part of the taxable income.
Frequently Asked Questions:
HRA (House Rent Allowance) is a component of your salary that helps cover rental expenses. It can be partially or fully exempt from tax depending on eligibility.
You compare three values: actual HRA received, rent paid minus 10% of basic salary, and 50% (metro) or 40% (non-metro) of basic salary. The lowest of these is the exempt amount.
Any salaried individual who receives HRA and pays rent can use an HRA calculator to check how much tax exemption they can claim.
Yes, you can calculate HRA online for any location in India. Just select whether your city is metro or non-metro while entering details.
Yes, if your annual rent exceeds ₹1,00,000, you must provide rent receipts and the landlord’s PAN to claim HRA exemption.
Learn from our experts!
Place your trust on someone who has been building products for 10 years now.