HRA Exemption Calculator
Easily calculate your House Rent Allowance (HRA) tax exemption as per the income tax rules.
Calculate Your HRA Exemption
What is HRA?
House Rent Allowance (HRA) is a component of your salary provided by your employer for the rent you pay for your accommodation. You can claim tax exemption on your HRA under Section 10(13A) of the Income Tax Act.
How is HRA Exemption Calculated?
The HRA exemption is the minimum of the following three amounts:
- Actual HRA received from the employer.
- Actual rent paid minus 10% of your basic salary.
- 50% of your basic salary if you live in a metro city, or 40% for non-metro cities.