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Calculate Taxable HRA

Accommodation located at
Amount of HRA received
Amount of Rent actually paid
Salary (Basic Pay + Dearness Allowance )
Exempted Amount of HRA
Taxable Amount of HRA

House Rent Allowance (HRA)

The House Rent Allowance to Individual Salaried employees is exempted from Income Tax in terms of (Section 10(13A) & Rule 2A) of Income Tax Act, subject to the following conditions:

House Rent Allowance
ExemptionLeast of the following is exempt:

a) Actual HRA Received

b) 40% of Salary (50%, if house situated in Mumbai, Calcutta, Delhi or Madras)

c) Rent paid minus 10% of salary

* Salary = Basic + DA (if part of retirement benefit) + Turnover based Commission

Note:

i. Fully Taxable, if HRA is received by an employee who is living in his own house or if he does not pay any rent

ii. It is mandatory for employee to report PAN of the landlord to the employer if rent paid is more than ₹ 1,00,000 [Circular No. 08 /2013 dated 10th October, 2013].

Available toIndividual - Salaried employee
Updated : Sept 24, 2020
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