HRA Calculator
Exempted HRA
₹100,000
Taxable HRA
₹0
The HRA calculator provided on paydoz.com is for informational purposes only. While we strive to ensure accuracy, it is advised to cross-check the results with official sources or consult a tax professional. The calculations are based on general HRA exemption rules and may not account for specific regulations or exceptions. Paydoz.com is not liable for any discrepancies or issues arising from the use of this tool.
How Can an HRA Calculator Help You?
An HRA Calculator helps you determine the exempt and taxable portions of your House Rent Allowance (HRA) as per Indian tax regulations. By inputting details like your basic salary, dearness allowance, HRA received, and rent paid, the calculator provides an estimate of the tax exemption you can claim, helping you manage your finances effectively.
Formula to Calculate HRA Exemption
The exempt portion of HRA can be calculated using the following criteria:
Exempt HRA = Minimum of (HRA received, Rent Paid - 10% of Salary, or 50%/40% of Salary depending on Metro/Non-Metro city)
- HRA received: The total House Rent Allowance received by the employee.
- Rent Paid - 10% of Salary: Excess rent paid over 10% of salary (basic + dearness allowance, if applicable).
- 50%/40% of Salary: 50% of salary for metro cities (Delhi, Mumbai, Kolkata, Chennai) and 40% for non-metro cities.
How to Use the HRA Calculator
To use the HRA Calculator:
Advantages of Using an HRA Calculator
- Helps estimate HRA exemption and taxable HRA.
- Enables tax planning by showing potential tax savings.
- Takes into account factors such as salary, rent, and metro city residence.
- Provides flexibility to adjust inputs and view different exemption scenarios.
- Assists in making informed decisions about housing and tax declarations.