HRA Calculator
Calculate House Rent Allowance (HRA) exemption for tax saving.
Input Values
Adjust parameters below
100,0005,000,000
₹
10,0002,000,000
₹
02,000,000
₹
RESULT
Exempt HRA
$130,000
MONEY
Taxable HRA
$70,000How It Works
Guide and Formula
HRA Exemption Calculation
HRA Exemption is the lowest of the following three amounts (u/s 10(13A)):
1. Actual HRA Received
2. Rent Paid minus 10% of Basic Salary
3. 50% of Basic Salary (for Metro cities) or 40% (for Non-Metro)
This calculator uses the Metro city (50%) assumption for maximum potential exemption estimate.
?FAQs
Do I need rent receipts?
Yes, to claim HRA exemption, you must submit rent receipts to your employer. PAN of landlord is required if annual rent exceeds ₹1 Lakh.
Can I claim HRA if I live with parents?
Yes, if you pay rent to your parents and they show it as rental income in their ITR.