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HRA Calculator
Calculate House Rent Allowance (HRA) exemption for rent declaration and tax savings under Section 10(13A)
Calculate Your HRA Tax Exemption
Use this calculator to determine your HRA exemption for rent declaration and tax filing purposes.
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Metro cities get 50% exemption vs 40% for other cities
%
Exempted HRA
₹2,40,000
Taxable HRA
₹0
Tax savings
₹72,000
HRA Breakdown
Monthly Breakdown
Monthly HRA Received₹20,000
Monthly Rent Paid₹25,000
Monthly Exempted HRA₹20,000
Monthly Taxable HRA₹0
HRA Exemption Calculation
HRA exemption is the minimum of the following three conditions:
1. Actual HRA received₹2,40,000
Minimum (Selected)
2. Rent paid - 10% of salary₹2,40,000
(Rent: ₹3,00,000 - 10% of ₹6,00,000)
Minimum (Selected)
3. 40% of salary (Non-Metro)₹2,40,000
Minimum (Selected)
HRA Exemption (Minimum)₹2,40,000
Tax Impact
Tax Saved (on Exempted HRA)₹72,000
Tax Payable (on Taxable HRA)₹0
Net Tax Benefit₹72,000
HRA Rules & Requirements
Eligibility:
- • You must be a salaried employee receiving HRA from employer
- • You must be paying rent for accommodation
- • Rent must be paid to someone other than yourself
- • You cannot claim HRA if you own the house you live in
Documentation Required:
- • Rent receipts from landlord
- • Rent agreement (if rent exceeds ₹1 lakh annually)
- • PAN of landlord (if rent exceeds ₹1 lakh annually)
- • Proof of rent payment (bank statements, cheques)
Important Notes:
- • HRA exemption is calculated as minimum of three conditions
- • Metro cities: Mumbai, Delhi, Kolkata, Chennai (50% exemption)
- • Non-metro cities: All other cities (40% exemption)
- • Salary for HRA = Basic Salary + Dearness Allowance
- • You can claim HRA even if you live with parents (rent to parents)
Important: Since your annual rent exceeds ₹1 lakh, you must provide landlord's PAN and rent agreement along with rent receipts for tax filing.
Disclaimer: This calculator is for estimation purposes only. Results are approximate and may vary from actual values. Please consult with a financial advisor for personalized advice.