HRA Calculator - Calculate Your HRA Exemption
Calculate your House Rent Allowance (HRA) exemption under Section 10(13A) of the Income Tax Act. Find out how much of your HRA is tax-exempt based on your basic salary, HRA received, and rent paid.
What is HRA and How is it Calculated?
House Rent Allowance (HRA) is a component of your salary structure that is meant to cover your rental expenses. The actual HRA exemption you can claim is the minimum of:
1. Actual HRA received from employer
2. 50% of Basic Salary (for metro cities) or 40% (for non-metro cities)
3. Actual rent paid minus 10% of Basic Salary
This calculator helps you determine the exact amount of HRA exemption you're eligible for based on these rules.
Documents Required for HRA Claim
To claim HRA exemption, you need:
1. Rent receipts or rent agreement
2. Landlord's PAN (if annual rent exceeds ₹1 lakh)
3. Salary slips showing Basic Salary and HRA components
4. Form 16 from employer
Important Points to Remember
1. HRA is exempt only if you actually pay rent
2. You cannot claim HRA if you live in your own house
3. Different rates apply for metro (50%) and non-metro cities (40%)
4. PAN of landlord is mandatory for rent > ₹1 lakh per annum
5. The exemption is calculated monthly but claimed annually