HRA Exemption Calculator
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Provide the following details to calculate your HRA exemption.
What is HRA (House Rent Allowance)?
House Rent Allowance (HRA) is a component of your salary provided by an employer for the rent you pay for your accommodation. If you are a salaried individual living in a rented house, you can claim HRA to lower your taxable income. The amount of HRA exemption is the minimum of the three amounts specified in the rules.
How to Calculate HRA Exemption?
The HRA exemption is the minimum of the following three amounts:
1. Actual HRA received from the employer.
2. Actual rent paid minus 10% of (Basic Salary + DA).
3. 50% of (Basic Salary + DA) if living in a metro city (Delhi, Mumbai, Kolkata, Chennai), or 40% for non-metro cities.
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