Find the exempt and taxable portion of your House Rent Allowance in seconds. Enter your basic salary, HRA received, and rent paid to get a clear breakdown for income tax planning.
House Rent Allowance exemption under Section 10(13A) of the Income Tax Act follows a three-condition formula. The exemption is the minimum of actual HRA received, a percentage of basic salary (50% for metros, 40% for non-metros), and rent paid minus 10% of basic salary. This calculator shows all three conditions so you understand exactly which one limits your exemption.
The exempt amount is the minimum of: (1) Actual HRA received, (2) 50% of basic salary for metro cities or 40% for non-metro, and (3) Rent paid minus 10% of basic salary.
Delhi, Mumbai, Chennai, and Kolkata are considered metro cities. All other cities are treated as non-metro for HRA exemption calculation.
No. HRA exemption under Section 10(13A) is only available under the old tax regime. Under the new regime, the full HRA received is taxable.
If you do not receive HRA as a salary component, you may claim rent deduction under Section 80GG subject to certain conditions.
