HRA Calculator
Calculate HRA exemption, taxable HRA, and tax-saving benefits under Income Tax rules.
This calculator is useful in several situations, including Income Tax Planning, Salary Planning, Tax Saving, and HRA Exemption Calculation. In each case, it applies the correct formula automatically so you get a precise result without manual calculation.
Calculate HRA exemption, taxable HRA, and tax-saving benefits instantly.
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How the HRA Calculator Works
Follow these simple steps to get accurate results instantly.
Enter Basic Salary
Enter your annual basic salary.
Enter HRA Received
Enter total HRA received from employer.
Enter Rent Paid
Enter annual rent paid.
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
Find answers to common questions about this calculator.