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HRA Calculator
Calculate your House Rent Allowance exemption and tax savings
HRA Exemption: Minimum of Actual HRA, Excess Rent over 10% salary, or 50% of salary (Metro city)
Monthly: ₹41,666.67
Monthly: ₹4,166.67 | Total Salary: ₹5,50,000
Monthly: ₹10,000(21.8% of total salary)
Monthly: ₹15,000✓ Rent exceeds 10% of salary
Show Calculation Steps
HRA Calculation Results
Total Salary (Basic + DA):₹5,50,000
HRA Received:₹1,20,000
HRA Exempted:₹1,20,000
HRA Taxable:₹0
Estimated Tax Savings (30%):₹36,000
Monthly Tax Savings:₹3,000
MumbaiMetro (50%)
HRA Breakdown
HRA Calculation Methods Comparison
The green bar shows the minimum amount, which determines your HRA exemption
💡 HRA Optimization Tips
- •Ensure rent paid exceeds 10% of your salary
- •Keep proper rent receipts and rental agreement
- •Consider metro vs non-metro city classification
- •HRA is tax-free only if you're living in a rented house
📋 Required Documents
- •Rent receipts for amounts >₹1 lakh annually
- •Rental agreement copy
- •Landlord's address and PAN (if rent > ₹1 lakh)
- •Declaration that you don't own a house in the same city
📌 Important Notes:
- •HRA exemption is available only if you live in a rented accommodation
- •You cannot claim HRA if you own a house in the same city
- •Metro cities include Mumbai, Delhi, Kolkata, and Chennai
- •Salary includes Basic + DA for HRA calculation
- •TDS is deducted on taxable HRA amount
- •Both parents can claim HRA if paying rent separately
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