🏠 HRA Calculator

About Our HRA Calculator

This House Rent Allowance (HRA) Calculator helps you determine the amount of HRA that is exempt from income tax. HRA is a common component of an employee's salary structure.

How Does It Work?

The HRA exemption is the minimum of the following three amounts:

1. Actual HRA received from the employer.
2. Actual rent paid minus 10% of basic salary.
3. 50% of basic salary (for metro cities like Delhi, Mumbai, Chennai, Kolkata) OR 40% of basic salary (for non-metro cities).

To use the calculator:

• Enter Annual Basic Salary: Input your total annual basic salary.
• Enter Annual HRA Received: Input the total HRA amount you receive annually from your employer.
• Enter Annual Rent Paid: Input the total rent you pay annually.
• Select City Type: Choose whether you reside in a Metro city or a Non-Metro city.
• Calculate: Click the "Calculate" button.
• View Results: The tool will display the calculated HRA exemption, taxable HRA, and a breakdown of the three conditions.

Key Features:

• Calculates HRA exemption accurately based on income tax rules.
• Considers metro and non-metro city criteria.
• Shows a clear breakdown of the exemption calculation.
• Simple and easy to use.
• Option to copy results.
• Option to download results as a PDF.

Note: This calculator provides an estimate for informational purposes only. Tax laws can be complex and are subject to change. For precise tax planning and HRA exemption claims, it's advisable to consult with a chartered accountant or tax advisor. Ensure you have valid rent receipts for claiming HRA exemption.