What is HRA (House Rent Allowance)?

House Rent Allowance (HRA) is a component of your salary that helps you cover the cost of rented accommodation. Salaried individuals can claim an exemption on HRA to reduce their taxable income. Use this One For All Financial Calculators HRA calculator to quickly estimate your HRA exemption.

HRA Exemption Calculation:

The HRA exemption is the *least* of the following three amounts:

1. Actual HRA received.
2. 50% of (Basic Salary + DA) if you live in a metro city (Delhi, Mumbai, Kolkata, Chennai). 40% if non-metro.
3. Actual Rent Paid less 10% of (Basic Salary + DA).

How to Use This HRA Calculator:

1. Enter your Basic Salary and Dearness Allowance (DA), if applicable.
2. Enter the HRA you receive from your employer.
3. Enter the total rent you pay annually.
4. Select whether you live in a metro city or not.
5. Click "Calculate" to see your HRA exemption.

Disclaimer:

This HRA calculator is for informational purposes only and provides an estimate. Actual values may vary. Consult with a tax advisor for precise calculations and tax planning.