HRA Calculator (House Rent Allowance)
What is HRA Calculator?
An HRA calculator helps salaried individuals calculate the House Rent Allowance (HRA) exemption they can claim under the Income Tax Act. It determines how much of your HRA is tax-free and how much is taxable.
How is HRA Calculated?
HRA exemption is calculated as the minimum of the following:
- Actual HRA received
- 50% of basic salary (for metro cities) or 40% (for non-metro cities)
- Rent paid minus 10% of basic salary
Who Can Claim HRA?
HRA exemption can be claimed by salaried employees who receive HRA as part of their salary and live in rented accommodation.
Benefits of Using HRA Calculator
- Quick and accurate tax calculation
- Helps in tax planning
- Easy comparison between taxable and exempt HRA
Other Services in South India
- Startup India Registration in South India
- Digital Signature Registration in South India
- FSSAI Registration in South India
- Udyam Registration in South India
- USA Company Registration in South India
- ISO 27001:2013 (Information Security) in South India
- Limited Liability Partnership Registration in South India
- Professional Tax Registration in South India
- Partnership Registration in South India
- Proprietorship Registration in South India
- Indian Subsidiary Registration in South India
- One Person Company Registration in South India
- Import Export Code in South India
- Section 8 Company Registration in South India
- Private Limited Company Registration in South India