HRA Exemption Calculator
Category: Salary And Tax Advanced
Use iSevenPlus HRA Exemption Calculator to calculate HRA tax exemption based on salary, rent and metro or non-metro city rules.
HRA Exemption Calculator
HRA Exemption Calculator – Calculate Your Tax Savings
The iSevenPlus HRA Exemption Calculator helps salaried employees calculate how much House Rent Allowance (HRA) is exempt from income tax under Section 10(13A).
HRA Exemption Formula
- Actual HRA received
- 50% of Basic Salary (Metro) or 40% (Non-Metro)
- Rent paid minus 10% of Basic Salary
The lowest of the above three values is allowed as tax exemption.
About HRA Exemption Calculator
HRA Exemption Calculator – Calculate Taxable HRA | iSevenPlus
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