HRA Calculator

How HRA Exemption is Calculated

House Rent Allowance (HRA) is a tax benefit under Section 10(13A) of the Income Tax Act, helping salaried individuals save on taxes. Our HRA Calculator determines your exemption as the least of these three amounts:

• Actual HRA Received: The HRA amount provided by your employer annually.
• Rent Paid Minus 10% of Salary: Your annual rent minus 10% of your basic salary.
• 40% or 50% of Salary: 40% of your salary (50% if you live in metro cities like Mumbai, Delhi, Kolkata, or Chennai).

Use this tool to maximize your tax savings effortlessly!