HRA Calculator
Calculate your HRA tax exemption based on your salary, rent paid, and city of residence.
Salary & Rent Details
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Annual HRA Exemption
₹1,56,000
Monthly: ₹13,000
Annual Taxable HRA
₹84,000
Monthly: ₹7,000
HRA Exemption Calculation
HRA exemption is the minimum of these three conditions:
Actual HRA Received
₹2,40,00050% of Basic + DA
₹3,00,000Rent Paid - 10% of Basic
₹1,56,000Note: HRA exemption is only available under the old tax regime. Under the new tax regime, HRA is fully taxable. Rent receipts may be required for claiming HRA exemption if annual rent exceeds ₹1 lakh.
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Frequently Asked Questions
How is HRA exemption calculated?
HRA exemption is the minimum of: (1) Actual HRA received, (2) 50% of basic salary for metro cities or 40% for non-metro, (3) Rent paid minus 10% of basic salary.
Which cities are considered metro for HRA?
Delhi, Mumbai, Kolkata, and Chennai are considered metro cities for HRA calculation. All other cities are classified as non-metro.
Can I claim HRA if I have a home loan?
Yes, you can claim both HRA exemption and home loan benefits if you live in a rented house in one city and have a home loan for a property in another city, or if the owned property is not fit for residence.