HRA Calculator - House Rent Allowance Exemption HRA Calculator
Calculate your HRA (House Rent Allowance) exemption under Section 10(13A). Find out the taxable and exempt portions with a detailed breakup.
HRA Details
HRA Exemption Breakup
Detailed HRA Breakup
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HRA Calculator - Guide
What is HRA?
House Rent Allowance (HRA) is a component of salary paid by employers to employees to meet rental expenses. Under Section 10(13A) of the Income Tax Act, salaried individuals living in rented accommodation can claim HRA exemption, reducing their taxable income. This exemption is only available under the Old Tax Regime.
HRA Exemption Formula
HRA Exempt = Minimum of:
- (a) Actual HRA received from employer
- (b) 50% of (Basic + DA) for Metro cities; 40% for Non-Metro cities
- (c) Actual Rent Paid − 10% of (Basic + DA)
Taxable HRA = Actual HRA Received − HRA Exempt
Metro vs Non-Metro Cities
For HRA calculation, metro cities are Delhi, Mumbai, Kolkata, and Chennai. If you live in any of these four cities, 50% of (Basic + DA) is considered. For all other cities, 40% is used. This distinction significantly affects your HRA exemption amount.
How to Use This Calculator
- Basic Salary: Enter your yearly basic salary as shown in your payslip.
- Dearness Allowance: Enter DA only if it forms part of pay for retirement benefits. Leave as 0 if not applicable.
- HRA Received: Enter the total yearly HRA received from your employer.
- Rent Paid: Enter the total yearly rent you actually paid.
- City Type: Select Metro or Non-Metro based on your city of residence.