Tax Calculator
HRA Calculator
Calculate HRA exemption from your salary for tax saving under Section 13A.
Formula
Exempt HRA = Min(50% of Basic, Rent Paid - 10% of Basic, HRA Received)
Basic Salary, House Rent Paid, HRA Received
Results
Enter values above to see results
Exempt HRA = Min(50% of Basic, Rent Paid - 10% of Basic, HRA Received)
HRA (House Rent Allowance) exemption follows the Income Tax Act Section 10(13A). The exempt amount is the MINIMUM of: 50% of basic salary (for metro cities) or 40% (for non-metro, actual rent paid minus 10% of basic, or the HRA amount received from employer.
Basic salary ₹6,00,000/year, rent paid ₹2,40,000/year, HRA received ₹1,80,000/year
Input Values
Calculation
Applying the formula with the input values above:
Results
Exempt HRA
₹1,20,000.00
Taxable HRA
₹60,000.00
- 1Enter your basic salary and dearness allowance (DA) as per your salary slip.
- 2Input the total annual rent you pay (include only actual rent, not maintenance).
- 3Enter the HRA amount you receive from your employer as shown in Form 16.
- 4The calculator will show the exempt portion using the statutory formula.
- 5Collect rent receipts and landlord PAN if rent exceeds ₹1 lakh per year for deduction.
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