HRA Calculator
Calculate your HRA exemption for FY 2024-25. Find out how much of your House Rent Allowance is tax-free.
Calculate HRA Exemption
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Metro cities: Delhi, Mumbai, Kolkata, Chennai
Important Notes
- • HRA exemption is available only under the Old Tax Regime
- • You must actually pay rent to claim HRA exemption
- • If annual rent exceeds ₹1,00,000, landlord's PAN is required for claiming exemption
- • You cannot claim HRA if you own a house in the same city
Frequently Asked Questions
How is HRA exemption calculated?
HRA exemption is the minimum of three values: (1) Actual HRA received from employer, (2) 50% of Basic Salary for metro cities or 40% for non-metro cities, (3) Rent paid minus 10% of Basic Salary. The lowest of these three becomes your tax-free HRA.
Which cities are considered metro for HRA?
For HRA calculation under the Income Tax Act, metro cities are: Delhi, Mumbai, Kolkata, and Chennai. All other cities including Bangalore, Hyderabad, Pune, etc. are considered non-metro for this purpose.
Can I claim HRA if I own a house?
Yes, you can claim HRA even if you own a house, provided: (1) The owned house is in a different city than where you work/live, (2) You are actually paying rent for your accommodation. However, you cannot claim HRA if you own a house in the same city where you're paying rent.
Is HRA available under the new tax regime?
No, HRA exemption is not available under the new tax regime. If you want to claim HRA exemption, you must opt for the old tax regime. The new regime offers lower tax rates but removes most deductions and exemptions.