HRA Calculator
HRA Exemption Calculator
Calculate HRA tax exemption under Section 10(13A)
₹
₹
₹
₹
Monthly HRA Details
Calculate HRA exemption with monthly inputs
₹
₹
₹
₹
Formula
HRA Exemption = min(HRA received, 50%/40% of salary, Rent - 10% of salary)
Frequently Asked Questions
How is HRA exemption calculated?
HRA exemption is the minimum of: (1) Actual HRA received, (2) 50% of salary (metro) or 40% (non-metro), (3) Rent paid minus 10% of salary. Salary here means Basic + DA.
Can I claim HRA if I own a house?
Yes, you can claim HRA even if you own a house, as long as you are paying rent for another property where you live. However, you cannot claim HRA for rent paid to yourself or for a house you own and live in.
Is HRA available under the new tax regime?
No, HRA exemption under Section 10(13A) is not available under the new tax regime. If you want to claim HRA, you need to opt for the old tax regime.
You may also need
$
Income Tax Calculator India
Free income tax calculator for India. Compare old vs new tax regime. Calculate tax liability, deductions, and effective tax rate for FY 2024-25.
Finance$
TDS Calculator
Free TDS calculator. Calculate Tax Deducted at Source on salary, interest, rent, and professional fees. Check TDS rates and deduction amounts.
Finance