HRA Exemption Calculator
Calculate your House Rent Allowance (HRA) tax exemption under Section 10(13A) of the Indian Income Tax Act. Save maximum tax.
Frequently Asked Questions
- How is HRA exemption calculated?
- HRA exemption is the minimum of: (1) Actual HRA received, (2) Rent paid minus 10% of basic salary, or (3) 50% of basic salary for metro cities / 40% for non-metro.
- Is HRA exemption available for self-employed?
- No, HRA exemption under Section 10(13A) is only for salaried employees. Self-employed individuals can claim rent under Section 80GG.
- What if I pay rent to my parents?
- You can pay rent to your parents and claim HRA exemption, provided they declare it as rental income in their tax returns and you have a rent agreement.