What is HRA Exemption Calculator?

HRA exemption calculator helps salaried employees calculate tax-free HRA as per Section 10(13A) of Income Tax Act. Exemption is minimum of actual HRA, rent minus 10% basic, and 50% basic for metro or 40% for non-metro. Our tool gives accurate result as per incometax.gov.in.

HRA Exemption Calculator Formula Explained

Formula: Exemption = Minimum of (Actual HRA, Rent - 10% Basic, 50% Basic Metro / 40% Non-Metro). Taxable HRA = Actual HRA - Exemption. Yearly exemption = Monthly x 12. Tax saved = Yearly x slab.

Example for HRA Exemption Calculator - Non-Metro

Basic 50k, HRA 20k, Rent 18k, Non-Metro: Actual HRA 20k, Rent-10% 13k, 40% Basic 20k → Exemption 13k/month → Taxable 7k → Yearly 1,56,000 → Save 46,800 at 30%. Calculator shows same result.

Frequently Asked Questions

Is HRA exemption available in new tax regime?
No, HRA exemption under Section 10(13A) is only for old regime as per incometax.gov.in.

Is rent receipt mandatory?
Yes, if rent > Rs.3000/month. Use Rent Receipt Generator for PDF.

Is landlord PAN required?
Yes if annual rent > Rs.1 Lakh - as per IT rules.

Metro vs non-metro?
Metro Delhi, Mumbai, Chennai, Kolkata 50% Basic, non-metro Pune, Bengaluru, Hyderabad 40% Basic.