HRA Calculator

What is the HRA Calculator?

The HRA Calculator helps you calculate the House Rent Allowance exemption that you can claim under Section 10(13A) of the Income Tax Act. It shows how much of your HRA is tax-free based on your salary, rent paid, and city of residence.

Why and When Should You Use It?

If you are a salaried employee living in a rented house, you might be eligible for HRA tax exemption. Use this calculator to:

• Plan your tax-saving strategy
• Estimate your tax liability
• Know how much HRA you can claim as tax-free

It is especially helpful at the time of:

• Income tax planning
• Filing Income Tax Returns (ITR)
• Submitting investment proof to your employer

How to Use the HRA Calculator?

Follow these simple steps:

1. Enter your basic salary and HRA received.
2. Add the amount of rent paid per month.
3. Select whether you live in a metro city or non-metro city.
4. Click on Calculate to see your HRA exemption.

The result will show the tax-exempt HRA amount and the taxable part (if any).

Tips and Insights:

• Metro cities include Delhi, Mumbai, Kolkata, and Chennai.
• HRA exemption is the lowest of the following:
  • Actual HRA received
  • 50% of salary (for metro cities) or 40% (for non-metro)
  • Rent paid minus 10% of salary
• If you are not living in a rented house, you cannot claim HRA exemption.
• Always keep rent receipts or rental agreement for proof.

Use this HRA Calculator to make smarter tax decisions and avoid unnecessary tax payments.