HRA Exemption Calculator – Section 10(13A) Income Tax
The HRA Exemption Calculator helps salaried employees calculate tax exemption on House Rent Allowance (HRA) under Section 10(13A) of the Income Tax Act, India.
How HRA Exemption is Calculated
HRA exemption is the lowest of the following three amounts:
- Actual HRA received
- Rent paid minus 10% of basic salary
- 50% of basic salary (metro cities) OR 40% (non-metro)
Formula Breakdown
HRA Exempt = Minimum of:
- Actual HRA
- Rent – 10% of Basic Salary
- 50% (Metro) or 40% (Non-metro) of Basic Salary
Who Can Claim HRA?
- Salaried individuals receiving HRA component
- Living in rented accommodation
- Paying rent to landlord
Metro Cities Defined
Metro cities include Delhi, Mumbai, Kolkata, and Chennai.
Important Conditions
- Rent receipts required
- PAN of landlord required if rent exceeds ₹1 lakh annually
- No exemption if living in own house
Disclaimer
This calculator provides estimation based on Section 10(13A). Final tax liability depends on overall income and tax regime.