HRA Calculator
Planning your taxes? Our House Rent Allowance (HRA) Calculator is an essential tool for any salaried employee in India who lives in a rented home. HRA is a component of your salary, and a portion of it can be claimed as a tax exemption under Section 10(13A) of the Income Tax Act, helping you reduce your total taxable income.
Our calculator simplifies this complex calculation for you. The HRA exemption is the lowest of the following three amounts:
1. The actual HRA you receive from your employer.
2. The actual rent you pay, minus 10% of your basic salary.
3. 50% of your basic salary (for metro cities like Mumbai, Delhi, Chennai, Kolkata) or 40% (for non-metro cities).
Just enter your basic salary, dearness allowance (if any), the HRA you receive, and the total rent you pay to instantly see the exact amount of your HRA that is tax-free and the portion that will be taxable.