Tax & Compliancev1.0.0Verified Engine

HRA Exemption Calculator

Compute your House Rent Allowance (HRA) tax exemption under Section 10(13A) of the Income Tax Act based on salary, actual rent paid, and metro/non-metro rules.

Formula v1.0.0

Adjust Inputs

Real-Time Update
₹6,00,000
₹

Annual Basic salary plus Dearness Allowance

₹2,40,000
₹

Total HRA received from employer during the financial year

₹3,00,000
₹

Total rent paid across the financial year

Exempted HRA (Tax-Free)100% Exempt
₹2,40,000

Eligible deduction under Section 10(13A)

Taxable HRAZero Tax
₹0

Added to your taxable income

Estimated Tax Saved
₹74,880

Assuming 30% income tax slab

Visual Breakdown

Interactive Graphic
Loading chart visualization...

Detailed Breakdown & Amortization Schedule

Showing 3 of 3 periods

Statutory CriterionEvaluated AmountResult
1. Actual HRA Received from Employer₹2,40,000Selected (Lowest)
2. Rent Paid minus 10% of Basic (₹3,00,000 - ₹60,000)₹2,40,000Selected (Lowest)
3. 50% of Basic Salary (Metro)₹3,00,000Higher
Formula, Assumptions & Regulatory Sources
Calculation Formula
Exempt HRA is the minimum of:
1. Actual HRA received
2. Rent paid minus 10% of basic salary
3. 50% of basic salary (metro) or 40% (non-metro)
Statutory Notes
  • HRA exemption under Section 10(13A) is available only when opting for the Old Tax Regime.
  • Under the New Tax Regime, no HRA exemption is allowed, but an enhanced standard deduction of ₹75,000 is available.
Verified Rule Source: Section 10(13A) and Rule 2A of the Income Tax Act, 1961
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Understanding the HRA Exemption Calculator

This calculator provides real-time, mathematically verified computations for Indian tax payers, investors, and businesses. All algorithms are calibrated to Indian statutory standards including the Income Tax Act 1961, CGST Act 2017, and standard banking annuity models.

How It Works

  1. Enter your baseline financial values using the input fields or interactive sliders.
  2. Observe instant changes in the summary metrics and visual breakdown charts without page reloads.
  3. Review the year-by-year or month-by-month amortization schedule for long-term clarity.
  4. Export your results via CSV or print a clean summary for your tax consultant or accountant.
Last updated and verified: October 2024 (Budget 2024 Amendment)