🏠

HRA Exemption Calculator

Calculate HRA exemption under Section 10(13A). Metro and non-metro rates with tax savings estimate.

₹
₹
₹
₹

Metro: Delhi, Mumbai, Kolkata, Chennai (50% of Basic+DA)

(a) Actual HRA Received

₹2,40,000

(b) 50% of Basic + DA

₹3,00,000

(c) Rent - 10% of (Basic+DA)

₹1,20,000

MINIMUM

HRA Summary

HRA Exempt

₹1,20,000

HRA Taxable

₹1,20,000

Approx. Tax Saved

₹37,440

(at 30% slab + cess)

Disclaimer: HRA exemption is calculated under Section 10(13A) of the Income Tax Act. The minimum of the three conditions is exempt from tax. Approximate tax saved assumes the highest 30% slab + 4% cess. Actual savings depend on your income tax slab. Consult a tax advisor for precise calculations.

ℹ️
Disclaimer: This calculator provides estimated tax computations based on the Income Tax Act and the Union Budget applicable for the selected financial year.
Was this tool helpful?Report an issue

Related Tools

💳

EMI Calculator

Calculate monthly EMI for home, car, or personal loans with amortization schedule in ₹.

finance
🧾

GST Calculator

Calculate GST inclusive/exclusive amounts. Supports all Indian GST slabs - 5%, 12%, 18%, 28%.

finance
💰

Income Tax Calculator

Calculate income tax under Old and New Regime for FY 2026-27. Side-by-side comparison with all deductions.

finance

Frequently Asked Questions

What is HRA exemption?+
HRA (House Rent Allowance) exemption reduces your taxable income if you pay rent. The exempt amount is the minimum of: actual HRA received, 50%/40% of basic salary, or rent paid minus 10% of basic salary.
Who can claim HRA exemption?+
Any salaried employee who receives HRA as part of their salary and pays rent for accommodation can claim HRA exemption under section 10(13A).
Does the HRA calculator work for metro and non-metro cities?+
Yes. Metro cities (Delhi, Mumbai, Chennai, Kolkata) get 50% of basic salary, while non-metro cities get 40%.