A working individual’s salary generally comprises multiple components such as basic pay, allowances for different purposes such as accommodation, travel and health, and forced savings options like gratuity and provident fund. Understanding salary structure is essential not just for financial reasons but also to help with filing taxes. One such component of salary is house rent allowance, usually abbreviated as HRA. This calculator allows you to know how much of your HRA is taxable and how much is exempted from tax.
Calculate HRA tax exemption
- Monthly
- Yearly
- Non-metro city
- Metro city
What you get:
HRA taxable
HRA exempted
HRA exempted
HRA taxable
Select tax slab
What you get at tax slab:
- 5%
- 10%
- 15%
- 20%
- 25%
- 30%
| HRA taxable | Tax @5% | HRA exempted |
|---|---|---|
| ₹36,000 | ₹1,800 | ₹60,000/year |
If you don’t receive HRA, you can still claim upto ₹60,000 deduction U/S 80GG
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