HRA Calculator

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Breakdown

• 1HRA exemption is the minimum of: (a) Actual HRA received, (b) Rent paid minus 10% of basic, (c) 50% of basic for metro / 40% for non-metro.
• 2Keep rent receipts for amounts above ₹3,000/month — your employer may require them.
• 3If rent exceeds ₹1 lakh/year, you must provide your landlord's PAN to claim HRA exemption.
• 4Paying rent to parents is allowed for HRA exemption — but the parent must declare the rental income.
• 5HRA exemption is only available under the Old Tax Regime. The New Regime does not allow it.