House Rent Allowance (HRA) exemption under Section 10(13A) reduces your taxable income if you live in rented accommodation. This calculator tells you exactly how much of your HRA is tax-exempt and how much is taxable.
About the HRA Exemption Calculator
Metro cities for HRA purposes are Delhi, Mumbai, Kolkata and Chennai. If you live in Bangalore, Hyderabad, Pune or any other city, the 40% rule applies. You can claim HRA while paying rent to parents if they declare it as income.
Formula used:
Frequently Asked Questions
Can I claim HRA while living with parents?
Yes, if you genuinely pay them rent and they declare it as rental income. Keep rent receipts and bank transfer proof.
Is HRA exemption available in the new tax regime?
No. HRA exemption is only available under the old tax regime. If you opt for the new regime, the full HRA is taxable.