🏠 HRA Calculator
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What is HRA (House Rent Allowance)?
HRA is a component of your salary paid by the employer to help you with house rent expenses. The best part? A portion of your HRA can be claimed as tax exemption under Section 10(13A) of the Income Tax Act.
Why is HRA Given in Salary?
HRA is given to salaried employees who live in rented accommodation. It reduces the tax burden by allowing you to claim a part of it as non-taxable income.
How to Use HRA Calculator?
- Enter your Basic Salary
- Enter the HRA Received (as per your salary slip)
- Enter the Rent Paid per month
- Select your City Type – Metro or Non-Metro
- Click Calculate HRA
- View the Exempted & Taxable HRA and a visual pie chart
- Share results directly on WhatsApp
How is HRA Calculated?
The HRA exemption is calculated using the following 3 conditions — the lowest amount is exempt:
50% of Basic Salary (for metro cities) or 40% (for non-metro cities)
Actual HRA received
Rent paid – 10% of Basic Salary
What is Exempted HRA and Taxable HRA?
- Exempted HRA is the amount you don’t pay tax on.
- Taxable HRA is the part added to your income and taxed as per your slab.
FAQs – HRA Calculator
Q1. Who can use this HRA Calculator?
Any salaried person receiving HRA can use it.
Q2. Is this calculator mobile-friendly?
Yes! It works smoothly on any phone or tablet.
Q3. Is it free to use?
Absolutely. It’s 100% free and no sign-up required.
Q4. Will it work for FY 2024-25?
Yes. The calculator uses the latest rules applicable for FY 2024–25 and AY 2025–26.
Q5. Can I use this if I live in my own house?
No. HRA exemption is only applicable if you’re paying actual rent.