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Tax & Business

HRA Exemption Calculator

Calculate your House Rent Allowance (HRA) exemption and taxable income under Section 10(13A) of the Income Tax Act.

Inputs

01,00,00,000
01,00,00,000
01,00,00,000
01,00,00,000

Calculation Results

Exempted HRA Amount

₹9,000

Taxable HRA Amount

₹11,000

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Formula & Mathematical Explanation

Exempted HRA=min⁡(Actual HRA Received,Rent Paid−10% of Salary,50%/40% of Salary)\displaystyle \text{Exempted HRA} = \min\left(\text{Actual HRA Received}, \text{Rent Paid} - 10\% \text{ of Salary}, 50\%/40\% \text{ of Salary}\right)

Under Section 10(13A) of the Income Tax Act, HRA exemption is calculated as the minimum of three amounts: 1) Actual HRA received, 2) Rent paid minus 10% of basic salary plus dearness allowance (DA), or 3) 50% of salary (for metro cities) or 40% of salary (for non-metro cities).

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