HRA Calculator – Calculate House Rent Allowance Exemption
Use this HRA calculator to calculate your House Rent Allowance exemption as per Indian income tax rules. Easily find the exempted HRA and taxable HRA based on your basic salary, rent paid, HRA received, and city type (metro or non-metro).
How does the HRA Calculator work?
This HRA calculator computes the House Rent Allowance exemption as per Indian Income Tax rules. It compares the actual HRA received, rent paid minus 10% of basic salary, and the prescribed percentage of basic salary (50% for metro cities and 40% for non-metro cities). The lowest of these values is considered the exempted HRA, while the remaining amount is taxable.
