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TAXATION
HRA Calculator - House Rent Allowance Exemption
Determine how much tax you can save on your house rent. Calculate your HRA exemption amount based on your salary and rent paid.
Looking for a quick calculation? Try our free HRA Calculator - House Rent Allowance Exemption directly on CalcSuite.
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Frequently Asked Questions
How is HRA exemption calculated?
It is the minimum of: 1) Actual HRA received, 2) 50% of salary (40% for non-metros), or 3) Rent paid minus 10% of salary.
Can I claim HRA if I live in my own house?
No, HRA exemption can only be claimed if you are living in a rented accommodation and paying rent.
What documents are needed for HRA?
Rent receipts are needed, and if annual rent exceeds ₹1 lakh, the landlord's PAN is also required.