HRA Calculator India
Estimate HRA exemption using rent, salary, HRA received and the applicable metro or non-metro percentage.
About the HRA Calculator India
This calculator estimates HRA exemption using the common old-regime formula based on HRA received, rent paid, salary and the 50% or 40% city percentage.
How to use this calculator
- Enter basic salary.
- Enter monthly HRA received and rent paid.
- Choose the applicable 50% or 40% salary limit.
- Review estimated exempt and taxable HRA.
How the calculation works
The estimate takes the lowest of actual HRA received, rent minus 10% of salary, and the selected percentage of salary. It is intended as a planning estimate.
Example
If basic salary is ₹30,000, HRA is ₹9,000, rent is ₹12,000 and the city percentage is 40%, the calculator compares all three limits and returns the lowest eligible amount.
Things to keep in mind
- HRA exemption is generally relevant to the old tax regime.
- Salary for this calculation can include specific components under tax rules; this tool uses basic salary as a simple input.
- Rent receipts and other eligibility conditions can matter.
- Verify the final exemption with payroll or a tax professional.
Frequently asked questions
Is HRA exemption available under the new tax regime?
The common HRA exemption under section 10(13A) is associated with the old regime; eligibility and tax-regime rules should be checked for the relevant year.
What is the 50% or 40% rule?
The common formula uses 50% of salary for specified metro locations and 40% for other locations, subject to the other limits in the formula.
Can I use this for rent paid without HRA?
No. This calculator is specifically for an HRA-based estimate.