HRA Exemption Calculator
HRA tax exemption calculator — Section 10(13A)
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HRA Exemption Calculation
HRA Exemption (Monthly)
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Annual HRA Exemption
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Taxable HRA
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Annual Tax Saved
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HRA Exemption Rule
HRA exemption = Minimum of these 3:
1. Actual HRA received from employer
2. Rent paid − 10% of Basic Salary
3. 50% of Basic (Metro) or 40% of Basic (Non-Metro)
2. Rent paid − 10% of Basic Salary
3. 50% of Basic (Metro) or 40% of Basic (Non-Metro)
Frequently Asked Questions
HRA (House Rent Allowance) exemption under Section 10(13A) reduces your taxable income. The exempt amount is the minimum of: Actual HRA received, Rent paid − 10% of basic, 50%/40% of basic salary.
Rent receipts are mandatory if annual rent exceeds Rs.1 lakh. Below that, a self-declaration may suffice. Always keep rent agreement and payment records.
Yes, if you have a home loan but live in a rented house (e.g. job in different city), you can claim both HRA exemption and home loan interest deduction under 24b.