About the HRA Calculator
House Rent Allowance (HRA) is partly exempt from tax under the old regime if you pay rent. Enter your annual basic salary, HRA received, rent paid and whether you live in a metro, and this calculator shows the exempt and taxable portions of your HRA.
How HRA exemption is calculated
The exempt HRA is the least of three amounts: the actual HRA received; the rent paid minus 10% of basic salary; and 50% of basic (for metro cities) or 40% (non-metro). The rest of your HRA is taxable. HRA exemption applies under the old tax regime only.
HRA Calculator — frequently asked questions
How is HRA exemption calculated?
It is the least of: actual HRA received, rent paid minus 10% of basic, and 50% of basic (metro) or 40% (non-metro). This calculator works it out for you.
Can I claim HRA in the new tax regime?
No — HRA exemption is available under the old regime only. The new regime offers lower rates instead of such deductions.
What counts as a metro city for HRA?
For HRA, the metros are Delhi, Mumbai, Kolkata and Chennai, where 50% of basic applies; elsewhere it is 40%.