India HRA Calculator
Calculate your HRA exemption under the old tax regime. Enter basic salary, HRA received and rent paid to find out your tax-exempt and taxable HRA amount.
HRA Details
HRA Exemption Calculation
Condition 1: Actual HRA Received
₹2,40,000
Condition 2: 50% of Basic Salary
₹3,00,000
Condition 3: Rent Paid - 10% of Basic
₹2,40,000 - ₹60,000
₹1,80,000
HRA Exemption (Minimum of 3 conditions)
₹1,80,000
Applies: Rent Paid - 10% of Basic Salary
Taxable HRA Amount
₹60,000
This portion is included in taxable income
Approximate Tax Saving (at 30% slab)
₹54,000
Actual saving depends on your tax slab
How HRA Exemption Works
The exemption is the minimum of these three amounts:
- Actual HRA received from your employer
- 50% of your basic salary (metro or non-metro rates)
- Rent paid minus 10% of basic salary
Important Notes
- HRA exemption requires rent receipts or proof if demanded by income tax department
- Self-owned property: You may not be eligible for HRA exemption if you receive HRA
- This is applicable only under old tax regime; new regime has no HRA exemption
Disclaimer
This calculator is for informational purposes. Actual HRA exemption depends on your specific circumstances and supporting documentation. Consult a tax professional for guidance on your situation.
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