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Calculate your House Rent Allowance (HRA) exemption for income tax purposes.
Annual Exemption: ₹0
As per Section 10(13A) of the Income Tax Act, HRA exemption is the minimum of the following three amounts:
| Criteria | Calculation | Amount |
|---|---|---|
| Actual HRA Received | ₹12,000 per month | ₹12,000 |
| Rent paid exceeding 10% of Basic + DA | ₹15,000 - 10% of ₹30,000 = ₹12,000 | ₹12,000 |
| 50% or 40% of Basic + DA | 50% of ₹30,000 = ₹15,000 | ₹15,000 |
| Minimum of the above | Minimum of the three amounts | ₹12,000 |
| Total HRA Received (Monthly) | ₹12,000 |
| HRA Exemption (Monthly) | ₹12,000 |
| Taxable HRA (Monthly) | ₹0 |
| Taxable HRA (Annual) | ₹0 |
House Rent Allowance (HRA) is a component of salary provided by employers to employees to meet their rental expenses. Under Section 10(13A) of the Income Tax Act, employees can claim tax exemption on HRA.
The exemption is the minimum of the following three amounts:
For HRA purposes, the following are considered metro cities:
Self-employed individuals cannot claim HRA exemption. However, they can claim deduction for rent paid under Section 80GG, subject to certain conditions.