HRA Calculator
Calculate HRA exemption under Section 10(13A) for maximum tax savings.
Share:
₹1,000₹5,00,000
₹0₹1,00,000
₹0₹1,00,000
₹0₹1,00,000
Max HRA Exemption (Yearly)
₹1,20,000
Taxable HRA (Yearly)
₹1,20,000
Tax Saved (Yearly)
₹36,000
HRA Exemption Calculation
Exemption = Least of the following 3:
1. Actual HRA Received₹2,40,000
2. Rent Paid − 10% of (Basic + DA)₹1,20,000
3. 50% of (Basic + DA)₹3,00,000
Exemption Amount (Least of 3)₹1,20,000
How is this calculated?
HRA exemption is the minimum of three values: (1) Actual HRA received from employer, (2) Rent paid minus 10% of basic salary + DA, (3) 50% of (basic + DA) for metro cities or 40% for non-metro cities. If you live in your own house, you cannot claim HRA exemption.