TAX SAVINGS TOOL

HRA Calculator

Calculate your House Rent Allowance exemption with tax regime comparison

Basic Salary (Annual)

₹

Dearness Allowance (Annual)

₹

*Include only if it forms part of retirement benefits

HRA Received (Annual)

₹

Rent Paid (Annual)

₹

Medical Allowance (Annual)

₹

*Maximum exemption: ₹15,000 per year

Special Allowance (Annual)

₹

*Other allowances like conveyance, LTA, etc.

Total Annual Salary (CTC)

₹ 0

Monthly

₹ 0

*Auto-calculated: Basic + DA + HRA + Medical + Special Allowance

Professional Tax (PT)

Auto-calculated: ₹200/month (₹2,400/year) - varies by state

Employee PF Contribution

Auto-calculated: 12% of (Basic + DA) - deductible under 80C

ESIC Contribution

Auto-calculated: 0.75% of gross salary (if salary ≤ ₹21,000/month)

Live in Metro City?

*Metro Cities: Mumbai, Delhi, Kolkata, Chennai

Exempt HRA Amount

₹ 0

Taxable HRA

₹ 0

Monthly Saving

₹ 0

Tax Regime Comparison

Old Tax Regime

HRA Exemption: ₹ 0

Standard Deduction: ₹ 50,000

Total Tax Benefit: ₹ 0

*Allows HRA, Medical, PT exemptions + deductions under 80C, 80D, etc.

New Tax Regime

HRA Exemption: Not Allowed

Standard Deduction: ₹ 75,000

Total Tax Benefit: ₹ 75,000

*Lower tax rates but no HRA or other deductions allowed

Recommendation

How it works?

HRA exemption is calculated as the minimum of the following three amounts:

1 Actual HRA received from your employer.
2 50% of (Basic + DA) for Metro cities or 40% for Non-Metro cities.
3 Actual rent paid minus 10% of (Basic salary + DA).

Pro Tip 💡

If your annual rent exceeds ₹1,00,000, it is mandatory to provide the PAN of your landlord to the employer to claim HRA exemption. If the landlord does not have a PAN, a declaration must be filed by them.