HRA Calculator
Calculate your House Rent Allowance tax exemption.
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Save Tax with HRA
House Rent Allowance (HRA) is a major tax-saving component for salaried employees. Under Section 10(13A) of the Income Tax Act, a portion of your HRA can be claimed as tax-exempt.
How is HRA Exemption Calculated?
The exemption is the lowest of the following three:
- Actual HRA received.
- 50% of Basic Salary (for Metros) or 40% (for Non-Metros).
- Rent paid minus 10% of Basic Salary.
Use this tool to find out exactly how much tax you can save this year.
*Disclaimer: These calculations are for illustrative purposes and estimates only.