HRA Calculator
Calculate HRA exemption under Section 10(13A) • Metro/Non-metro
HRA Calculator
Tax SavingMetro cities: Delhi, Mumbai, Chennai, Kolkata
HRA Breakdown
About HRA Calculator
The HRA Calculator helps salaried employees calculate their tax-exempt House Rent Allowance under Section 10(13A) of the Income Tax Act. The exemption is calculated as the minimum of three conditions based on your basic salary, HRA received, and rent paid.
How to use: Enter your monthly basic salary, HRA received, rent paid, and select whether you live in a metro city. The calculator shows your monthly and annual HRA exemption along with the taxable portion.
Frequently Asked Questions
HRA (House Rent Allowance) exemption is a tax benefit available to salaried individuals who pay rent for their accommodation. Under Section 10(13A) of the Income Tax Act, a portion of the HRA received can be claimed as tax-exempt, reducing your total taxable income.
HRA exemption is the minimum of: (1) Actual HRA received from employer, (2) 50% of basic salary for metro cities (Delhi, Mumbai, Chennai, Kolkata) or 40% for non-metro cities, and (3) Rent paid minus 10% of basic salary. All values are calculated on an annual basis.
The four metro cities for HRA calculation are Delhi, Mumbai, Chennai, and Kolkata. All other cities are considered non-metro. Metro cities get 50% of basic salary as the limit, while non-metro get 40%.
No, HRA exemption requires you to actually pay rent. If you live in your own house, you cannot claim HRA exemption. However, if you have a home loan, you can claim deductions under Section 24 for interest paid and Section 80C for principal repayment.
Key documents include: rent receipts (mandatory if rent exceeds ₹3,000/month), rent agreement, landlord's PAN (if rent exceeds ₹1 lakh per year), and Form 12BB declaration. Keep all proofs for verification.
For rent up to ₹3,000 per month, rent receipts are not mandatory. Above ₹3,000/month, you must have proper rent receipts. It's recommended to maintain rent receipts regardless of the amount for documentation purposes.
Yes, you can pay rent to your parents and claim HRA exemption, provided: your parents own the property, you have a proper rent agreement, you pay rent through bank transfers, and your parents declare this rental income in their tax returns. You cannot claim HRA if paying rent to your spouse.
No, only the exempt portion (minimum of the three conditions) is tax-free. The remaining HRA (actual HRA received minus exemption) is added to your taxable income and taxed as per your income tax slab.