HRA Calculator
Calculate your House Rent Allowance (HRA) exemption for tax savings. Get detailed monthly breakdowns and maximize your tax benefits.
City Type
| 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 |
Understanding HRA Exemption
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 Rules
HRA exemption is the minimum of:
- • Actual HRA received
- • Rent paid - 10% of salary
- • 50% of salary (metro) or 40% (non-metro)
🏙️ Metro vs Non-Metro
HRA Calculation Example
Example Calculation
Given:
- • Salary: ₹50,000
- • HRA Received: ₹20,000
- • Rent Paid: ₹15,000
- • Metro City: Yes
Calculation:
- • Actual HRA: ₹20,000
- • Rent - 10% salary: ₹10,000
- • 50% of salary: ₹25,000
- • Exempted: ₹10,000
Tips for Maximizing HRA Benefits
📄 Documentation
Keep rent receipts and rental agreement for tax filing and audit purposes.
🏠 Rent Optimization
Ensure rent paid is at least 10% of salary to maximize exemption benefits.
🏙️ City Planning
Consider metro city benefits when planning job locations for higher HRA limits.
📊 Monthly Tracking
Track monthly variations in salary and rent to optimize annual tax savings.
💼 Employer Coordination
Coordinate with employer to structure HRA component optimally in salary.
🔍 Regular Review
Review HRA calculations annually to ensure maximum tax benefits.
Need Professional Tax Planning?
Our tax experts can help you optimize your HRA benefits, ensure proper documentation, and maximize your tax savings.