Calculate HRA Exemption
Calculate House Rent Allowance exemption and tax savings
HRA Details
About HRA Calculator
HRA (House Rent Allowance) calculator helps you calculate HRA exemption and taxable HRA. HRA exemption is the minimum of: actual HRA received, rent paid minus 10% of salary, or 50% of salary (metro) / 40% (non-metro).
Frequently Asked Questions
HRA (House Rent Allowance) is a component of salary that provides tax exemption if you live in a rented accommodation. It helps reduce your taxable income.
HRA exemption is the minimum of: (1) Actual HRA received, (2) Actual rent paid minus 10% of salary, (3) 50% of salary (metro) or 40% (non-metro).
For metro cities (Delhi, Mumbai, Kolkata, Chennai), HRA exemption is 50% of salary. For non-metro cities, it is 40% of salary.
If you own a house in the same city where you work, you cannot claim HRA exemption. However, if you own a house in a different city and live on rent, you can claim HRA.