HRA Calculator (House Rent Allowance)
What is HRA Calculator?
An HRA calculator helps salaried individuals calculate the House Rent Allowance (HRA) exemption they can claim under the Income Tax Act. It determines how much of your HRA is tax-free and how much is taxable.
How is HRA Calculated?
HRA exemption is calculated as the minimum of the following:
- Actual HRA received
- 50% of basic salary (for metro cities) or 40% (for non-metro cities)
- Rent paid minus 10% of basic salary
Who Can Claim HRA?
HRA exemption can be claimed by salaried employees who receive HRA as part of their salary and live in rented accommodation.
Benefits of Using HRA Calculator
- Quick and accurate tax calculation
- Helps in tax planning
- Easy comparison between taxable and exempt HRA
Other Services in Alandur
- Partners Remuneration Income in Alandur
- Active INC 22A in Alandur
- Commission Income in Alandur
- NRI Taxation in Alandur
- Income Tax Return in Alandur
- Form 16 Issuance in Alandur
- Company Annual Filing in Alandur
- Interest Income in Alandur
- Pensioners in Alandur
- Business Tax Filing in Alandur
- RERA Registration in Alandur
- GST Return Filing in Alandur
- Agriculture Income in Alandur
- MSME Registration in Alandur
- House Rental Income in Alandur
- GST Registration in Alandur
