Salary (Basic p.a)
Total rent paid(p.a)
Working In Metro City?
An HRA (House Rent Allowance) calculator is a quick and useful tool for calculating tax exemptions under Section 10(13A). To use HRA calculators online all you have to do is enter your salary information and the calculator will provide you with the result instantly.
Navi’s HRA calculator is an accurate and user-friendly tool for calculating your HRA exemption and helps avoid errors while calculating HRA. Just enter your basic salary, rent paid, HRA received and dearness allowance received. The online calculator will display the HRA exemption in just a few seconds.
Assume that you live in Mumbai and pay ₹25,000 per month as rent. Your HRA is ₹15,000 per month, while the basic pay component of your salary is ₹40,000 per month.
Total HRA received= ₹(15,000 x 12) = ₹1,80,000
Actual applicable rent – 10% of salary = ₹(21000 x 12) = ₹252,000
50% of basic salary = ₹(20,000 x 12) = ₹240,000
As the least of these sums is exempted from HRA, a sum of ₹15,000 will be exempted each month from taxable income.