HRA Calculator

HRA, or House Rent Allowance, is the salary component given by your employer to cover your housing needs. To calculate the HRA deduction you need to consider 4 things: - Your Salary - HRA received - Actual rent paid - City you live in The final HRA exemption is the smallest of: - HRA received from your employer - Actual rent paid - 10% of (Basic + DA) - 50% of (Basic + DA) in metro cities / 40% if you're in a non-metro city Metro cities include Mumbai, Delhi, Chennai, and Kolkata.

MIN(HRA received, Actual rent paid - 10% of (Basic + DA), IF(Metro city, 50% of (Basic + DA), 40% of (Basic + DA)))

a) Calculate HRA exemption that you can get b) Understand HRA exemption limit and negotiate salary package accordingly c) Know the impact of HRA on your income tax liability d) Understand the HRA eligibility, documentation, and tax rules.