HRA Exemption Calculator Live
- HRA exemption = minimum of: (i) Actual HRA received, (ii) Rent − 10% of salary, (iii) 50% (metro) / 40% (non-metro) of salary.
- Salary for HRA = Basic + DA (if DA counts; toggle provided).
- Metro = Delhi, Mumbai, Kolkata, Chennai. Others are non-metro.
What is it & why use it?
Easily calculate HRA exemption under Section 10(13A) for salaried individuals paying rent. This tool on Calci.in explains concepts in plain language and helps salaried individuals maximize exemptions.
Formula (explained)
HRA Exemption = Minimum of (i) Actual HRA received, (ii) 50% of Salary (metro) or 40% (non‑metro), (iii) Rent Paid – 10% of Salary
Where Salary = Basic + DA. Rent paid must exceed 10% of salary to claim exemption.
Example calculation
Salary ₹50,000, Rent ₹20,000, HRA ₹15,000, Metro city → Exemption = ₹15,000 (illustrative).
Benefits & use cases
• Optimize income tax
• Know rent‑related exemptions
• Compare old vs new regime impact
Related calculators on Calci.in
Income Tax Calculator
NPS Calculator
PF & Gratuity Calculator
External references (authority sources)
Income Tax India
ClearTax – HRA Guide
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FAQs
Q1: Who can claim HRA exemption?
A: Salaried individuals receiving HRA and paying rent can claim it under Section 10(13A).
Q2: Can I claim HRA if I live with parents?
A: Yes, if you pay rent to parents and they show it in their income tax return.
Q3: Is HRA available under the new tax regime?
A: No, HRA exemption is only under the old regime.
Q4: What documents are needed?
A: Rent receipts/agreements are usually required by employers or IT department.