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Exempted HRA
Taxable HRA
House Rent Allowance (HRA) is the allowance paid by your employer to help you cover rental expenses. It is a part of your salary and depends on various factors like your basic salary, city of residence, and company policy. You can claim tax exemption on HRA under Section 10(13A) and Rule 2A of the Income Tax Act, 1961.
Salaried individuals receiving HRA: Can claim exemption under Section 10(13A).
Salaried or self-employed individuals not receiving HRA: Can claim rent deduction under Section 80GG.
An HRA calculator helps you compute the tax-exempt portion of your HRA. Just input your salary details, rent paid, and city of residence to get the exempt and taxable HRA amounts.
Jar’s HRA calculator in India is an effective and painless way to calculate your HRA exemption without errors.
Using these inputs, the calculator estimates:
Let’s talk about how to use a Gold Loan Calculator can benefit you:
The tool will display:
Before we get down to the calculation, it is important to note that the salary here is a combination of the basic salary plus the dearness allowance, and other commissions.
The exemption limit is the lowest of the three heads mentioned:
Let’s take an example to understand this better, and figure the HRA calculation for income tax.
A salaried individual working in Bangalore earns a basic salary of ₹6,00,000 per annum. She receives an HRA of ₹2,70,000 annually and pays a monthly rent of ₹25,000 (₹3,00,000 per year). Bengaluru is considered a metro city.
Let’s take an example to understand this better, and figure the HRA calculation for income tax.
A salaried individual working in Bangalore earns a basic salary of ₹6,00,000 per annum. She receives an HRA of ₹2,70,000 annually and pays a monthly rent of ₹25,000 (₹3,00,000 per year). Bengaluru is considered a metro city.
A few benefits of HRA exemprion calcualtor are:
HRA exemption is calcualted for special cases like-
Conditions:
Deduction Limit (least of the following):
A few rules for HRA Exemption in india are:
These are some of the documents that are required to claim HRA deductions:
No, HRA exemption is only available for rented accommodation.
Yes, if you live in a rented house and have a loan on a different property.
You must submit a declaration if your annual rent exceeds ₹1,00,000 and the landlord’s PAN is unavailable.
Yes, if you provide valid rent receipts and proof of payment.
Use an online HRA exemption calculator with your salary and rent details.
Basic salary, HRA received, rent paid, and whether you live in a metro city.
Minimum of the following:
Actual HRA received
Rent paid – 10% of salary
50% of salary (metro) or 40% (non-metro)
50% for metro cities and 40% for non-metro cities.
There’s no fixed cap; it depends on your salary and rent paid.
Maintain proper rent documentation, pay rent regularly, and include all eligible salary components.
Maintain proper rent documentation, pay rent regularly, and include all eligible salary components.
Salaried employees staying in rented accommodation.
No fixed limit. It varies based on actual salary and rent.
Yes, if your HRA is ₹3,000/month or less. Above that, receipts are required.
If your annual rent exceeds ₹1 lakh, your landlord’s PAN must be provided.
Yes, by filing your ITR with supporting rent documents.
No, HRA falls under Section 10(13A), not 80C.
No, you can claim only one—either HRA or 80GG.
Yes, if your dearness allowance is part of your retirement benefits.
