HRA Exemption Calculator
How much of your House Rent Allowance is actually tax-free — old regime only, since the new regime does not allow this exemption.
The rule
Exemption is the least of three numbers: HRA actually received, rent paid minus 10% of basic, and 50% of basic in a metro or 40% elsewhere. Whichever of the three is smallest wins — not an average, not the first one you calculate.
No landlord PAN, no exemption above ₹1 lakh a
year in rent. Get it in writing before March, not after.
- Can I claim HRA and a home loan deduction together?
- Yes, if you rent in one city and own a home elsewhere (or it's let out). Living in your own house while claiming HRA on a nominal arrangement is the kind of thing that gets flagged.