HRA Exemption Calculator
Calculate House Rent Allowance exemption amount. Find out how much of your HRA is tax-exempt under Section 10(13A).
Results
HRA Exemption Formula
HRA exemption is the minimum of:
- Actual HRA received
- 50% of salary (metro) or 40% (non-metro)
- Rent paid minus 10% of salary
Frequently Asked Questions
What is HRA exemption?
HRA (House Rent Allowance) exemption is a tax benefit for salaried employees who pay rent. The exempt amount is the minimum of: actual HRA received, 50%/40% of basic salary (metro/non-metro), or rent paid minus 10% of basic salary.
Which cities are considered metro for HRA?
For HRA calculation, metro cities are Delhi, Mumbai, Kolkata, and Chennai. Employees in these cities get 50% of basic salary as the HRA limit, while non-metro employees get 40%.
Can I claim HRA if I have a home loan?
Yes, you can claim both HRA exemption and home loan deductions (Section 24 and Section 80C) simultaneously, provided you live in a rented house in a different city from your owned property.