HRA Calculator
Calculate HRA exemption, taxable HRA, and tax-saving benefits under Income Tax rules.
Use our free online hra calculator to get accurate results instantly. The calculator is designed to be fast, easy to use, mobile-friendly, and suitable for everyday calculations.
HRA Calculator
Calculate HRA exemption, taxable HRA, and tax-saving benefits instantly.
How the HRA Calculator Works
Step 1
Enter Basic Salary
Enter your annual basic salary.
Step 2
Enter HRA Received
Enter total HRA received from employer.
Step 3
Enter Rent Paid
Enter annual rent paid.
Step 4
View HRA Exemption
See HRA exemption and taxable HRA amount.
HRA Exemption Formula
Minimum of (Actual HRA, Rent Paid - 10% Basic Salary, 50%/40% of Basic Salary)
HRA exemption is the lowest value among actual HRA received, rent paid minus 10% of salary, and 50% (metro) or 40% (non-metro) of basic salary.
Example Calculation
Input: Basic Salary: ₹5,00,000, HRA: ₹2,00,000, Rent Paid: ₹2,40,000
Output: Eligible HRA Exemption: ₹1,90,000
Common Uses
- • Income Tax Planning
- • Salary Planning
- • Tax Saving
- • HRA Exemption Calculation
Frequently Asked Questions
What is HRA?
House Rent Allowance (HRA) is a salary component provided by employers to employees living in rented accommodation.
How is HRA exemption calculated?
The exemption is the lowest of actual HRA received, rent paid minus 10% of salary, or 50%/40% of salary depending on city type.
Who can claim HRA?
Salaried employees receiving HRA and paying rent can claim HRA exemption.
What is a metro city for HRA?
Delhi, Mumbai, Kolkata, and Chennai are considered metro cities for HRA calculations.
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