🏠 HRA Exemption Calculator
Calculate House Rent Allowance (HRA) tax exemption
How to Use This Calculator
Enter Basic Salary
Input your basic salary amount.
Enter HRA Received
Input the HRA amount you receive per month.
Enter Actual Rent
Input the actual rent you pay per month.
Select City Type
Select whether you live in a metro city (50% of basic) or non-metro city (40% of basic).
Formula
HRA Exemption = Minimum of:
1. Actual HRA Received
2. Actual Rent - 10% of Basic Salary
3. 50% of Basic (Metro) or 40% of Basic (Non-Metro)
About HRA Exemption Calculator
The HRA Exemption Calculator calculates the tax-exempt portion of House Rent Allowance (HRA) for Indian employees. HRA is a common component of salary that provides tax benefits for employees living in rented accommodation. The exemption is calculated as the minimum of three amounts: actual HRA received, actual rent minus 10% of basic salary, and a percentage of basic salary based on city type.
Metro cities (Delhi, Mumbai, Kolkata, Chennai) allow 50% of basic salary as HRA exemption, while non-metro cities allow 40% of basic salary. This calculator helps employees understand their HRA tax exemption and plan their taxes accordingly.
When to Use This Calculator
- Tax Planning: Calculate HRA exemption for tax planning
- Salary Planning: Understand HRA tax benefits
- Tax Filing: Calculate HRA exemption for income tax filing
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses HRA exemption rules
- ✅ Easy to Use: Simple interface for quick calculations
- ✅ Free Tool: No registration required
Frequently Asked Questions
What is HRA exemption?
HRA exemption is the tax-free portion of House Rent Allowance. It's calculated as the minimum of: actual HRA received, actual rent minus 10% of basic, and a percentage of basic based on city type.
Which cities are considered metro?
Delhi, Mumbai, Kolkata, and Chennai are considered metro cities for HRA exemption, allowing 50% of basic salary as exemption. Other cities are non-metro with 40% exemption.