HRA Calculator

House Rent Allowance (HRA) is best tax saving tools available to employees. With these you can save upto 50% of your salary if you reside in Metro (40% of your salary if you reside in non-metro).

As per income Tax act, for calculation House rent allowance least of the following is available as deduction :

  1. Actual HRA received
  2. 50% / 40%(metro / non-metro) of basic ‘salary’
  3. Rent paid minus 10% of ‘salary’. Basic Salary for this purpose is basic+ DA forming part+ commission on sale on fixed rate.

Cities Like, Delhi, Mumbai, Chennai and Kolkata constitutes Metro. All cities other than these are non-Metro. So if you resides in cites like Gurgaon, Faridabad, Bangalore, Hyderabad, Pune, Indore, Chandigarh, Ludhiana, Manessar, Kerala, Goa, Panzim , Diu etc it would constitutes as Non metro and only 40% deduction will be allowed.

You can download HRA Calculator from here

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3 Responses to HRA Calculator

  1. Nis says:

    Does we need to submit PAN card of owner, if we are on a rented house and availing tax benefit from HRA?
    If yes, then what is the limit?
    Does we need to submit Rent agreement as well?

  2. Binay kunar says:

    Hi

    I am living in delhi on rent and paying 6000 as rent my hra is 3500 kindly tell me what is my hra tax exemption

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