Calculate your House Rent Allowance (HRA) exemption for tax savings. Get detailed monthly breakdowns and maximize your tax benefits.
| Month | Salary (₹) | HRA Received (₹) | Rent Paid (₹) | Exempted (₹) | Taxable (₹) | Metro City |
|---|---|---|---|---|---|---|
| April | 0 | 0 | Yes | |||
| May | 0 | 0 | Yes | |||
| June | 0 | 0 | Yes | |||
| July | 0 | 0 | Yes | |||
| August | 0 | 0 | Yes | |||
| September | 0 | 0 | Yes | |||
| October | 0 | 0 | Yes | |||
| November | 0 | 0 | Yes | |||
| December | 0 | 0 | Yes | |||
| January | 0 | 0 | Yes | |||
| February | 0 | 0 | Yes | |||
| March | 0 | 0 | Yes |
House Rent Allowance (HRA) is a tax-exempt component of your salary that helps reduce your taxable income. The exemption is calculated as the minimum of three amounts, helping you save significantly on taxes.
HRA exemption is the minimum of:
Keep rent receipts and rental agreement for tax filing and audit purposes.
Ensure rent paid is at least 10% of salary to maximize exemption benefits.
Consider metro city benefits when planning job locations for higher HRA limits.
Track monthly variations in salary and rent to optimize annual tax savings.
Coordinate with employer to structure HRA component optimally in salary.
Review HRA calculations annually to ensure maximum tax benefits.
Our tax experts can help you optimize your HRA benefits, ensure proper documentation, and maximize your tax savings.