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 Puthagaram
- Partners Remuneration Income in Puthagaram
- Active INC 22A in Puthagaram
- Commission Income in Puthagaram
- NRI Taxation in Puthagaram
- Income Tax Return in Puthagaram
- Form 16 Issuance in Puthagaram
- Company Annual Filing in Puthagaram
- Interest Income in Puthagaram
- Pensioners in Puthagaram
- Business Tax Filing in Puthagaram
- RERA Registration in Puthagaram
- GST Return Filing in Puthagaram
- Agriculture Income in Puthagaram
- MSME Registration in Puthagaram
- House Rental Income in Puthagaram
- GST Registration in Puthagaram
