HRA Exemption Calculator

Calculate your tax-exempt House Rent Allowance (HRA) and find out how much of your received HRA is taxable.

50,000
0
20,000
15,000
Annual Exempt HRA (Tax-Free)
1,20,000
(₹10,000 / month)
Annual Taxable HRA
1,20,000
(₹10,000 / month)

Section 10(13A) Calculation (Monthly basis)

Under tax regulations, your HRA exemption is the minimum of the following 3 amounts:

1. Actual HRA Received20,000
Total HRA allowance provided on your monthly salary slip.
2. Rent Paid minus 10% of Salary (Basic + DA)10,000
₹15,000 - 10% of ₹50,000
3. 50% of Salary (Basic + DA)25,000
50% of monthly Salary base (₹50,000) since you live in a Metro city.
✔Minimum value of the three is ₹10,000. This amount is exempted from income tax under HRA.

Frequently Asked Questions

What are the rules for HRA tax exemption in India?

Your HRA exemption is computed as the minimum of three limits: actual HRA received, rent paid minus 10% of salary (Basic + DA), or 50% of salary for metro locations (40% for non-metro).

Can I claim both HRA and home loan tax benefits?

Yes, you can claim both benefits. If you live in a rented home and pay rent, you can claim HRA exemption under Section 10(13A). At the same time, if you own a home (even if let out or in another city), you can claim deductions for home loan principal (Section 80C) and interest (Section 24).

Most Salaried Indians Underclaim HRA Exemption — Are You One of Them?

HRA (House Rent Allowance) exemption is one of the most consistently misunderstood tax benefits in India. Every year, thousands of salaried employees either underclaim it (by not submitting rent receipts) or miscalculate it (by using the wrong formula).

The HRA exemption under Section 10(13A) is the minimum of three values: the actual HRA received from employer; actual rent paid minus 10% of Basic Salary; and 50% of Basic Salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) or 40% for non-metros.

Critical point: "Basic Salary" here refers to Basic + DA (Dearness Allowance), not your total CTC or take-home salary. Many employees calculate it on total salary and underclaim.

If you're paying rent above 10% of your basic salary, you should be claiming this exemption — it can save ₹30,000–1,50,000/year in tax depending on your salary. Requirements: rent receipts (or rent agreement for annual rent above ₹1 lakh), landlord's PAN (mandatory if annual rent exceeds ₹1 lakh), and a declaration to your employer. Under the New Tax Regime, HRA exemption is no longer available — this is one of the primary reasons high-paying metro professionals often prefer the Old Regime.

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