🏠 HRA Exemption Calculator
Calculate how much of your House Rent Allowance is tax-exempt under Section 10(13A). The exemption is the minimum of three amounts: actual HRA received, rent paid minus 10% of salary, and 50%/40% of salary (metro/non-metro).
Frequently Asked Questions
How is HRA exemption calculated?
It is the minimum of: (1) Actual HRA received, (2) Rent paid minus 10% of salary, (3) 50% of salary for metro cities or 40% for non-metro.
Which cities are considered metro for HRA?
Delhi, Mumbai, Chennai, and Kolkata are metro cities for HRA exemption purposes.
Can I claim HRA if I own a house?
Yes, you can claim HRA even if you own a house in a different city, as long as you pay rent where you live.
Is HRA available under the New Tax Regime?
No, HRA exemption under Section 10(13A) is not available under the New Tax Regime.
Do I need rent receipts to claim HRA?
If rent exceeds ₹1 lakh per year, you must provide the landlord's PAN. Rent receipts are needed for amounts above ₹3,000/month.