HRA Calculator
House Rent Allowance (HRA) exemption under Section 10(13A) reduces taxable salary for employees paying rent.
Input Calculation Parameters
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₹
₹
Calculation Results
Exempted HRA Tax Benefit
0
Taxable HRA Component
0
How the Calculation Works
HRA Exemption is the minimum of 3 conditions: 1) Actual HRA received, 2) 50% basic (metro) or 40% basic (non-metro), 3) Rent paid minus 10% of basic salary.
Worked Example
Here is a step-by-step example calculation for Basic ₹6L, HRA ₹2.4L, Rent Paid ₹2.1L in Metro City:
| Parameter | Value |
|---|---|
| Exempt Hra | ₹1,50,000 |
| Taxable Hra | ₹90,000 |
Scenario Analysis
Comparing different tenures, interest rates, or investment horizons:
| Scenario Label | Key Metric |
|---|---|
| Metro City (50% Basic) | Exempt: ₹1.5 Lakh |
Common Mistakes to Avoid
- Not collecting Landlord PAN when annual rent exceeds ₹1,00,000.
Frequently Asked Questions (FAQs)
Is HRA exemption available under New Tax Regime?
No, HRA exemption is available only under the Old Tax Regime.
Authoritative Sources & Regulatory References
Author: SmartPaisa Financial Research Team
Reviewer: Reviewed by Financial Engineering Team
Last Reviewed: 2026-08-17
Financial Disclaimer: This calculator provides estimates for educational purposes only based on standard mathematical formulas and current Indian regulatory guidelines. Actual returns, taxes, or EMI payments may vary depending on bank policies, market volatility, or individual tax brackets. Consult a SEBI-registered investment advisor or Chartered Accountant (CA) before making financial decisions.
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